I would agree with a lot of what AllanD said.
I have four torches, three sets of regulators, and two sets of bottles right now. All of it was used.
My dad gave me his set when I started getting into automotive stuff. He had bought a higher-end Craftsman set YEARS ago (it's older than me) and bought bottles from a local weld shop. But he rarely used them. I've burned through a couple bottles of gas since I got them about 5 years ago, but for the cost of acetylene, I pretty much only use it for welding. I'll cut with it if I can't get the item close enough to my big set. The acetylene bottle is about 3' tall and the oxy bottle is about 4' tall. I have both strapped to a dolly with pneumatic tires which works (IMHO) better than a cart for moving over gravel and rough terrain.
Then I have a big set that I bought - 100# propane bottle and a large oxy bottle - both were nearly full when I bought them with hoses, regulators and a torch for $100. The torch isn't really useful, it was a good one back 30 years ago or so, but now it needs new valves and you can no longer get torch tips for it. So it hangs in my shed. The regulators I suspect could use a rebuild (the previous owner of them never released the pressure on the diaphrams, just turned the tanks off). But still it was a good buy.
I got the other two torches (one cutting and one welding) along with an assortment of tips and a pair of GOOD regulators for $20 from a guy I bought some other tools from. I took the regulators out and had them rebuilt. It was a little pricey, but the fixed the one damaged gauge, put new diaphrams and such in 'em and made sure they were in top shape. The cutting torch was a higher end one years ago and I was able to get an extra propane tip for it, but unfortunately it's not a popular tip style. When it goes, I'll probably replace it with a Harris or Victor torch since tips for those are everywhere.
Propane is far cheaper than acetylene for cutting purposes, but you cannot do a proper weld with it. Until I bought the second set, I had a propane tip for the Craftsman setup and for major cutting would just put a gas grill tank (20#) on the regulator instead of the acetylene tank. But it was a pain to swap back and forth all the time. I don't do much brazing, mostly just cutting and welding, but the welding setup can be used for brazing so I have all bases covered. I leave both sets set up, all I have to do is pull the hoods off the top of the regulators/tanks, turn them to the right pressure and go.