I built half a dozen rigs on a lincoln 135. I can't tell you how many rear ends are out there being daily driven that i welded with that thing. I welded up motor mounts, spring perches, axle wrap bars, shaved axles, roll cages ect.
If you know what you are doing and do good prep it will work fine. Prep is key though, if its thick, bevel the edges. It will never be in the same class as a big mig, but they will work fine.
That being said, i love my hobart ironman 250. Great welder.