I think a 50 amp breaker for a 211 is over kill. It could come in handy for a larger welder in the future. For a 50 amp circuit I would use 6 gauge copper, not 8. 8 may not even be to code for a 50 amp circuit but I'm not an electrician so others can better tell you.
That's just what I was recommended for my 20' run. Maybe I'll have to call a buddy who's an electrician and have it done properly or at least know for sure what I need and what will make code. 50 Amp breaker is overkill, but I'd like to future proof myself. The 211 is only a 25 amp machine.