kenyeang,
We're sharing infomation. I'll be more than glad to help you out and give some ideas. However, i'm not an expert welder.
Stick electrode(arc welding) definitely is not the right machine for chasis strengthening. I wouldn't recommend you at all. What i'd suggest is at least a cheapo MIG set. The weld quality and finishing is big between those two, unless of coz you're a really good welder. Plus, its so much faster using MIG. RM2-4 K for a cheapo set is fair i'd say. I've seen and play around with MIG sets that are about RM20K. Thats one hell of a welding set, a Rolls Royce of all welding set. Ultimately, you get what you pay for. But for a start, RM 2-4K sets are fine, really. Plasma welding set are totally out of the question.
There's absolute no reason at all for you to even think about plasma welding. Its mainly used in high production, high efficiency and thin welding beads application. Example of plasma welding is in APM Shock Absorbers whereby they need the welding bead to be thin and still have penetration and strength. And yes, i myself nearly choked when they told me how much is their investment on the plasma welding set. However, i do think you are confused with plasma cutting whereby plasma cutting are commonly used to cut thin materials without damaging the properties of the materials and more importantly to cut stainless steel. Plasma cutting sets are commonly seen in engineering company and few exhaust modification shops. JFA Motorsport uses plasma cutting. I know 8 out of 10 exhaust shops uses a motorised saw and some even using oxy cutting and the finishing is not that good. It just shows the investment JFA puts in to make sure his quality is there.
As for fumes, MIG welding will produce abit less fumes and i'd say exhaust fumes are pretty hazardous. For you and me, its not that we weld every day, so its fine. However, its a good idea to blow away the fumes with a fan but ultimately, you should drink more water and wash your face after welding. Else, you will get terrible arc eye syndrome. Fire extinguisher is not really that important la. Unless the spatter gets into some paper and it burns but thats really unlikely. Of coz you have to be careful when you're welding car chasis as you have petrol and stuff like that but i trust that you're smart enuff to drain off the petrol before doing anything at all.
Hope it helps abit. Good luck with the arc welding testing this weekend, its a good way to start off before moving to MIG welding.