1/4"--an angle grinder with a cut-off disk. A band saw is only good for cut-off work. And I only like it because you can set it up and let it work while you do something else. If you are in a rush, the chop saw or angle grinder are faster.
Metal work doesn't need much precision. Welds are FAT. When it exactly matters, like bolt holes, you bolt it to a jig before you weld it. Even a wooden jig works. I have a series of shotgun racks I built with a wooden jig and it is blackened, but still great. With 1/4", you need a 220amp stick welder. You don't need a TIG for a bumper. Grind a bevel if you are worried about penetration. Or even if you aren't.
Metal work doesn't need much precision. Welds are FAT. When it exactly matters, like bolt holes, you bolt it to a jig before you weld it. Even a wooden jig works. I have a series of shotgun racks I built with a wooden jig and it is blackened, but still great. With 1/4", you need a 220amp stick welder. You don't need a TIG for a bumper. Grind a bevel if you are worried about penetration. Or even if you aren't.