ArCO2 gas is OK; I keep a bottle of it for welding stainless steel. I use CO2 on other steels. People make a lot of fuss about how one is better than the other but
- the right settings are different for each gas; you can't just switch from one to the other
- if you are doing repairs or welding anything that isn't quite clean, CO2 is probably better because it has a reducing action (it is an active gas rather than inert, so strictly speaking MAG rather than MIG)
- CO2 makes for a slightly hotter arc; this makes the most of low-powered hobby MIG welders where an ArCO2 weld would perhaps run a bit cold
- If you are going to run over the weld beads with a cup brush anyway, by the time you have done that you won't easily tell the difference between an ArCO2 weld and a CO2 weld
- if you are going to dress the weld beads by grinding, it doesn't matter what gas you use; in fact CO2 is arguably better because there can be less porosity if the welded parts are not perfectly clean
- CO2 comes in liquid form, but ArCO2 mix doesn't, so the weight you get in a similar sized bottle is usually far greater with CO2 (although this does vary with the fill pressure of ArCO2 obviously). The volume of gas (weight for weight) is about the same both ways BTW.
FWIW whilst it does have a place (and I do keep a reel or two of the wire kicking around) I would rather bang nails through soft parts of my anatomy than use flux-cored wire when I could use gas MIG instead, because;
- the fumes are very poisonous
- there is much more UV from the arc
- the consumable is ludicrously pricey (~x5 vs standard wire)
- the consumable doesn't feed as well as solid wire
- the welds themselves are pretty shite (often full of porosity)
- the welds are horrible to look at with lots of spatter in most cases, and require a lot of clean-up
- the yield of weld metal (per weight on the reel) is pathetic; between the flux and the spatter losses, a yield of 30-50% is about as good as you can get, making the weld metal ~x10 to x15 more expensive net (before gas costs).
I don't see why you can't use a CO2 fire extinguisher as a CO2 gas source...?
FWIW a MIG set is arguably more versatile than any other single welder type; particularly if you can use inexpensively sourced CO2 gas, it is also the least expensive to run, by far. By contrast TIG is no good for repair welding (the cleanliness standards required are too high in most cases, unless you like using your tungsten as a consumable...
) and MMA is next-to-useless on thin materials by comparison (it also creates much more distortion because the heat input per unit weld metal is usually far higher).
MIG is also far easier to do well, and you can do it one-handed, which leaves a hand free to hold the work. The latter point might not sound that important, but setting up, jigging and tacking are so much easier and quicker, often a one-off job can be MIG welded completely before welding even starts with a TIG welded version.
cheers