Here's my understanding ( and I could be wrong ), AC goes from a negative value to a positive value, doing so, it crosses the "zero value" line, making poorer welds than a DC welder which has a "steady" value of current. Expert welders compensate for this constant change in voltage/current drop on AC. Personally, I use my machine on DC only, I like the welds better.
AFAIK all standard industrial welders are DC. The smoothness of the welder depends on its AC to DC converting ability, if you just use a converter to transform the AC sinus into DC, it still jumps from max to zero, just with bumps instead of into the negative current. WElding machines use capacitators to store the energy of the AC bump to release it in the hole, to smoothen the sinus washboard.
For that reason, three phase welders are usually the better welders, as they have three overlapping phases filling each others current dips. Then the capacitators have a much easier job, and are able to get a much more constant welding current.
However, for welding aluminium you need AC. Its because the oxide skin on aluminium has a higher melting point than the pure aluminium underneath. Just try to heat aluminium with a torch, you won t get a melting bath like you get with steel: you dont see anything happening, untill the oxide skin breaks and a big two inch hole drops in the aluminium sheet you were trying to heat.
To weld aluminium you need AC because it blasts through the oxide skin with short AC blasts, without heating the entire workpiece to melting point which will blow large holes in it.
Last friday i tossed a purlin cleat 5 yards down from a ladder, because the MMA inverter welder i borrowed from work, tickled me. Missed a friends head by a foot. Lately i get some tickles from my 350A mig, but not as often as i remember from the good (poor) old days of stick welding.
Boy, when i got a MIG i sometimes used the stick welder for dirty steel or awkward positions. But now, first time stick welding in 5 or 8 years, i dont miss it a second.