that's a pretty good sized unit. personally, i'd go with the largest bottle you feel comfortable moving around on the welder, size/weight wise. as you go up in bottle size, your cost per unit of gas goes down dramatically, so the biggest bottle will give you the most hours of welding time for your dollar.
as far as leasing/owning... i've never tried to do the math. sometimes i go through bottles non-stop, other times they last me a year it seems. leasing is going to be the easiest way, because everything is factored in. just bring in the empty & get a new one. owned is the same really, but you will probably have to pay a recertification fee every so many years. also, with a lease, most places will offer multiple year options, and with them, the cost per year tend to go down a lot as the length of contract goes up. i just do 5 year leases now & get it over with that way.