The main limiting factor with using the MIG is having enough heat that you have a full penetration weld with the first tack. Normally this means you aren't doing a weld pass, as once the panel heats up you wind up blowing holes. So yes, the process that I have used is slow, monotonous, but provides a viable option for those using the point and shoot of the MIG. I feel that once a person becomes fluent in trimming panels for a tight fit, which I would suggest for any weld process used, then the subsequent weld process and cleanup afterward is the only variable. MIG provides the most shrinking based on all the starting and stopping, and to maintain consistency in efforts, is approx. 3 to 4 times the work. Keep in mind the "work" would also involve any planishing, grinding, and panel bumping to straighten out any distortion left by our weld process. TIG or O/A allows us better heat control to be able to perform a non-stop weld across the panel (or as far as our skillset permits) to eliminate much of the start-stop areas and the puckers that form in these locations.
You are correct in your assessment of the process for the full weld pass, start at one end of the panel, align and tack as you go, working from one end to the other. Do not skip around as so many people suggest, as yes, this risks panel mis-alignment. If the panel starts to close up as you tack, planish the last tack to open the panel back up. For using the O/A, the way Peter Tommasini teaches tacking never mentions how many inches / specified distance between tacks but instead to place the second (subsequent) tack where the outer perimeter of the HAZ from the tack just completed touches the seam. I believe the theory here is to give as close to consistent a HAZ as possible, even in the tacking stage. Then once all the tacks are complete, and planished as needed to align panels flat, a continuous/non-stop (as far as we are able) weld seam will gradually heat the panel as we work our way across, and gradually cool in the same fashion. This gives us less puckers from start/stop, but also more equalized forces exerted as any shrinking should be consistent from one end to the other. So although the panel may shrink, in theory it should be a consistent shrink such that the panel is not full of waves like the Atlantic Ocean. All in an attempt to give us less work in the "straighten the panel" phase. It is ALL part of the weld process, IMO.
So for someone doing panel replacement and trying to live within a budget, a small torch like this one is going to be easier on the wallet than a MIG, and given proper technique, yield better results and take less time doing so. If my camera (phone) will cooperate behind the spare helmet this weekend, I may attempt a video showing the tacking and fusion weld process.