You need a torch set, a dc stick welder, and a couple grinders. Anything else it's just a nice addition. The torch can do just about everything, just not as fast as other stuff. Get 6" grinders, so you can use 6" cut off wheels, which work way better than the little small 4" ones.
The reason I recommend stick welders is because they are more versatile and the smaller mig setups cannot compete. The only reason to use mig is for deposition rates (speed of welding) or for smaller stuff. However smaller stuff is easily welded with stick, and until you get to a full spray arc, mig is useless (except for small stuff). To hit spray arc heat, you need to be in the 250+ amps range, and you won't get that from a garage mig. Ironically, with proper rod selection, you would need to be using .045 dual shield wire at 300 amps plus to match what a 5/32" 7028 rod will lay down at 200 amps. Mig needs clean, scale free metal, stick doesn't care at all (still best to clean it tho). Stick will do cast iron, thicker al, all position steel (mig can too, but it's actually harder than stick out of position to do properly), arc gouge, and tig with a torch and argon bottle. You don't need a foot pedal and all that to tig weld steel and stainless.
The reason I recommend stick welders is because they are more versatile and the smaller mig setups cannot compete. The only reason to use mig is for deposition rates (speed of welding) or for smaller stuff. However smaller stuff is easily welded with stick, and until you get to a full spray arc, mig is useless (except for small stuff). To hit spray arc heat, you need to be in the 250+ amps range, and you won't get that from a garage mig. Ironically, with proper rod selection, you would need to be using .045 dual shield wire at 300 amps plus to match what a 5/32" 7028 rod will lay down at 200 amps. Mig needs clean, scale free metal, stick doesn't care at all (still best to clean it tho). Stick will do cast iron, thicker al, all position steel (mig can too, but it's actually harder than stick out of position to do properly), arc gouge, and tig with a torch and argon bottle. You don't need a foot pedal and all that to tig weld steel and stainless.