I can honestly say that I'm a terrible Mig, TIG or stick welder. Too jittery and far too little patience to do a good job, so my welds (in spite of my Sea-Bee Uncle who tried to teach me how) look like bird poop.
On the other hand......for some strange reason I was an ace when torch welding all sorts of stuff and once I got the hang of recognizing the look of the target metals when they were ready to be joined (they seem to come alive when the temp is right), I was all set. The dual torch thing overcomes Marksbug's critique of warping - one torch has a BIG flame (think blow torch tip with a 12" moderate flame and around 6"-8" across at the metal) fanning the area to be welded to get everything pre-heated, then another welding torch set for the metal thickness and rod size being used to do the actual stitching. This is an old trick used by the Lead guys back before there were MIG welders in every shop (do body shops even HAVE welders these days? I thought they were all part replacement shops.)
Mark may think it won't work, but I know of a Model A pickup, a '46 Ford coupe, a Healey 3000 and a '65 GTO that I made body panels for and welded them in that way (stepped seams) and they disappeared once smoothed and painted. I guess if you really suck with a MIG you tend to learn what you CAN do and do it.
Larry: Nice descriptions of the differences. I recently tossed out an old Forney 250 amp arc (stick) welder when I cleaned out my Dad's place because I thought I would never use it. It made GREAT sparks, but I tended to burn through anything I tried to weld with the thing, almost instantly. Damn thing was almost the size of a washing machine, too, and looked like this: