I don't know how true it is but it sounds like torch welding is very much like using a TIG welder, which is my favorite with the very limited time I spent on one.
I suppose the elecric arc is more dangerous than the torch, but I used a regular electric welding shield and don't think I would want anything less. Your eyes are important, and at least for me, its nice to have your whole face protected because there is a tendency to want to lean down right over your work. Its hard to see whether your getting a good enough pool of molten metal without getting close enough to see past the light coming off the electrode, and I have a feeling the flame on the torch is the same way.
Stick welders don't cost too much, but are hard to learn. Especially for the type of weld your doing where your basically do all the welding in one spot.
MIG's are very easy, but I've alway been told that you have to get a gas shield kit for them to be worth using on anything significant and that bumps the price up a good bit.
Since you already have the torch outfit, I'd say go for it. It might take a few minutes longer but you can do a lot of other things with it as well. And a little practice will probably make things a lot faster.