If you were going to use it a lot, I would consider it but you also must consider the utilities charges to you and weigh that in. If they charge for any of the installation or have a monthly service fee for the extra meter, weigh that in. There is no question 600 feet is a long way to go and will require a pull box, but if you come off the house meter, theres only one bill. If you get service to the shop and never use power there, you may well still pay a monthly service charge. Here in CA., we can go with direct burial in the ground with no conduit. I typically still run conduit anyway.
Check out both options for prices. The separate meter will probably be cheaper and a lot less work. It will also eliminate the inevitable voltage drop a welder is going to place on your wire even with 4/0 aluminum as well as provide you with far more power.