Hi Ed,
Understood about repair cost. They (Millers) do come w/ a 2yr parts/labor warranty. I think this should cover you pretty well b/c anything thats going to let go will likely happen in the warranty period....well usually. That said I asked my instructors and it was their view that todays inverters are very robust. In fact the Linde, Miller and Lincoln inverters at the school have required as much repair as the old transformer types....nearly none. So, the technology and design must be pretty good by now. Those units at school are heavily used too. During the normal yr theyre running between 8:00 and 9:00 (day and night classes) every day. If youre really interested to know you can give Jack (dept head) a call some time and ask him. He's a really nice guy and is very willing to answer questions.
Given your intended use I agree that power consumption wont be an issue. However, portability might be. If you can get your tractor/implements close enough to your shop w/o moving the welder then go w/ something less expensive (than an inverter). However, if you think you'll need it in the field or you want better controls (arc, gas, etc) the inverter might be what you want.
Yes, my Maxstar is plenty. Its a 200a welder but a 300a model is also avilable. I *think* the spec on the 200 is something like 3/8" plate in a single pass. However, thicker bits can be welded nicely multipass.
I dont want to come off sounding like inverters are the only solution. A good engine driven welder would certainly be portable (in a truck or trailer) and most larger units are multiprocess. I suppose it really comes down more to what you want to do w/ it and where. I'd drop by a MaineOxy or Merriam-Graves and grab the Miller/Lincoln catalogs. They contain lots good info. Probably the best source of info is the sci.engr.joining.welding news group.
Taking the intro class will help greatly in making an informed choice. The knowledge and hands on w/ differing brands and machines is invaluable. The experience you gain can't be replaced by any amt of reading.
jimg