Properly done a torch (oxy-act or oxy-propane) will leave very little slag to clean up and a fairly nice cut that requires minimal grinding to clean up. It also takes a lot of practice to get that good and knowing which tip to use. I've seen it done before - an older guy that ran a junkyard axed through a frame and even with a partially plugged tip he left a very neat and straight cut. I think I still have a few bottles of fuel to go before I'm anywhere near that good, lol.
The most expensive thing is the tanks. Second to that is the torch itself. Hoses and tips are relatively cheap. My dad gave me an oxy-act rig that he bought years ago. It's a decent set and he had bought the tanks for it from a local weld supply shop. It hadn't been used in years and dad couldn't remember when the tanks were last filled. So when I drained them, I took them back to the weld shop and told them what I had. They checked the tags on the tanks, then dragged them in the back and brought out a full pair of tanks. Oxygen was cheap to fill, something like $20 or so. Actelyne was expensive - the tank I had took around $60 to fill or so.
So then I saw a guy selling an electric welder and when I went to get it, he had an old oxy-propane torch set there too with tanks. So I struck a deal on that too. I'll use the oxy-acet for heavy cutting or work that it's easier to use a really hot flame (propane burns at a lower temp) and the Propane for general work and scrapping to try to save a few bucks. Propane uses the same gauges and torch, but a different tip. And if you have to buy hoses, buy heavy duty good quality ones.
Angle grinders are useful. But they can also be hard to control at times. I use a 4.5" most of the time and have found that Metabo brand cutting/grinding disks seem to hold up the best. I got a pair of Bosch grinders, they're nice because you can run flat disks on them, some grinders have to run depressed center disks (my dad's craftsman), and those can be a pain.
You can do a fair amount of cuts with a chop saw. I would recommend one, it's a much more stable platform to work with.
You can fit a grinding wheel on a circular saw. But don't use a good saw, the metal shavings will find their way in the motor and trash it. We use them all the time for cutting rebar and steel decking at work, the cheap ones last just as long as the good ones. You could probably do some finer cutting with them, but it would take some skill with a saw.