Ok for welding that splitter no question you need to go big.
Way out here on the non-pro, occasional farm repairs end of the spectrum - and with the greatest priority 'cheap' - I think I've found what is sufficient for my occasional projects:
$50 230A 240V AC buzzbox, (Montgomery Wards), from about 1965. Essentially the same specs as a tombstone. Has maybe four components inside, there's nothing to break.
$125 (Craigslist) Century 135 Mig welder, 110V. For portability I use flux core only. The literature says its intended for autobody work. This is a big step up in the 110V category from HF's cheapest since it has infinitely variable voltage and DC. it welds nice.
So for under $200 I can make the tractor implement repairs that I occasionally need, plus go down in size to repairing a stress crack in the tractor seat. Everything I've welded over 10 years has stayed welded, that's good enough for my applications.
I saw that Millermatic 210 mentioned in a post above and thought 'maybe I should buy one'. Then I looked it up and saw how much gear in that quality category costs! If I earned my living with it I would buy that or equivalent, no question, but for now I'll stick with what meets my needs and spend the money on something else.