The problem with those cheap 70 amp machines is that even with them being run balls to the wall, they don't produce a nice stable arc like the bigger machines will at that amperage.
Something that generally works for SMAW up to 1/8" (3mm) steel is 1 amp per .001" of material. So even 1/16" steel, which is 1.6mm (trying to keep up with the metric world, Canada mixes imperial and metric too much) requires 65 amps. You have just about topped out your machine because you'll be lucky to get the full amperage out of the dinky little thing.
So as soon as you need to be welding your motor mount on, that thing will be woefully inadequate. The 70 amp machines are one of the best paperweights money can buy. For $300 you can get a good old Lincoln AC-225 tombstone buzzbox that you can keep forever for odd jobs, even after you've got yourself a brand new 200+ amp MIG one day.