I confess, I'm a Miller man; but let me be more specific. I dont know much about Miller's plasma cutters. We always used Thermal Dynamics units. Ive used several different models of TD and they were outstanding. We cut everything from sheet gauge to plate, several inches thick. We also beveled pipe! They do require aggressive moisture control. The moisture filters that come with the units are inadequate in Colorado. If you live in a wetter climate you may need a refrigerated air dryer. We used double banked highcapacity filters with water drains. We still lost consumables to moisture. I would polish-up your Victors; nothing to be ashamed of there Oo. . A . 250" plate of steel, 4'X8', weighs ~ 327 pounds. If you are cutting shapes from this material regularly I would recommend a machine of twice that capacity. Why? Flexibility for other thicknesses. Initial cost; the bigger the machine the more expensive. It will work fine for the thinner material. You said 1/8", a 4'X8' weighs ~ 164 pounds; 3/16" - 4'X8' weighs ~ 246 pounds. Can you manhandle that material? Can you cut it down so that it is manageable? Are you going to bevel plate or pipe? The thickness is the effective thickness caused by the angle of the cut ( the Hypoteneuse, not the leg of the triangle ). Do you have an air compressor that has the pressure and volume to handle the demand of a plasma cutter? If you dont have a smoke eater in your shop, cut outside. I would use a respirator. Plasma cutting temperatures are between 30000*-50000*F. :--) ( mathematically calculated ). The smoke you get is vaporized metal. Not something you want to breath! Hope this helps. Happy Thanksgiving. GregH