I am leaning toward getting a MIG rig in the 200A-250A range. Most of the welding will be brackets, small project, (1/4" or less), etc. I am willing to live with a spool gun for aluminum, even with those tiny spools. Very few MIG rigs can do AC TIG.
I am trying to understand what I am giving up by NOT having AC for aluminum welding, or should I just go TIG (like AlphaTIG) ?
The reality is they are two very different processes with different strengths and weaknesses. They compliment each other. MIG welding is a DC process, constant voltage. TIG and stick are constant CURRENT, and can be ran on AC or DC.
While all in one machines exist, you are almost always better served by having two separate machines.
By giving up AC you are basically giving up aluminum tig. You will struggle doing finer more delicate work with a spool gun. Wire welding is designed for speed and generally is more appropriate for thicker metals. With TIG you have more control over the arc and the heat input, allowing you to work on more thin, small, delicate or sensitive parts. TIG also excels in being versatile. You don't need spools of wire and special gases to weld with tig. Just a few sticks of the appropriate rod and argon gas.
There really isn't such a thing as a full blown "all in one" welder. There are so many metals, joint designs, base metal thicknesses and processes, you need to figure out WHAT you are welding, and then HOW you want to weld it. While technically possible to weld 2" steel thick plate with a Lincoln buzz box, the proper welder for that is probably a DC-1000 powering a submerged arc wire welder. Same with aluminum. You need to match the machine to the work you're doing.
I think you want to have your cake and eat it too. You really cannot purchase a cheap welder and have it do both spool gun work and decent AC/DC TIG. They exist, but you probably won't want to spend the money if you're this concerned with the price.
If you don't see yourself welding thin, small parts then the MIG is all you need. If you want to do more small or thin metals, you really would be better off with a TIG machine.
Metalworking is not cheap. You WILL be sacrificing something unless you want to buy industrial grade equipment, and even then, there's compromises.
If you want a nice home shop welding setup, get a 250 class mig with a spoolgun and a 200 amp AC/DC tig machine. That will allow you to weld most anything a home shop will need. But if you're unwilling to spend the money, you need to accept that there isn't a solution that will allow you to weld anything you want with no drawbacks.
I own 7 high quality industrial welding machines, ranging from a little Maxstar 151 up to an Invision 400 MPa with all the trimmings and there still are drawbacks and gaps in my setups. I don't have the ability to weld "anything". We can weld most things, but if you asked me to do certain jobs, I would have to decline based on my setup not being optimized.
Find out WHAT you want to weld, then figure out what machine is best suited to that. If you just want a welder to putter with, then just get whatever you can find. You'll find the limits soon enough.