As I have a machine shop, I have been through all this long ago. First, one cutting method can't do it all. For a fellow at home that wants to do a little welding using angle iron, strap and tubing, a chop saw can't be beat. Here is the reason some of you fellows have had trouble with them. A chop saw needs to have a constant feed on it. Whenever the saw cannot feed fast enough, the blade will burn the stock and instantly harden the material. Have you noticed the material changing color as it heats up? Sometime take a file and try to cut this burnt material with the file and you will notice the file won't touch it. What causes your saw to stop feeding and burn the stock is lack of horsepower for the job. The small chop saws will work pretty well for 1/4" material and even heavier stock like re bar if the cut isn't too long. If you can't keep the blade moving through the material, you have run out of horsepower. Also, this is one of those places to avoid the cheap Chinese saw blades, buy a good one and make sure it is the right thickness. One of the cheap band saws would be the next cutting tool I would recommend for the home shop as it will handle much bigger cuts. I have chop saws, band saws, plasma cutter, O/A torch, but the average home owner can't afford all this stuff.
Michael