In my opinion, "decent" and "cheap" are mutually exclusive when talking about welders.
Nevertheless, it will likely do the job if it works out of the box (and if it doesn't, take it back and get another one).
I've sworn off HF tools. I'm frequently dissatisfied with them. The 14 inch chop saw I bought from HF is probably the very last thing I'll ever buy there. I'm not happy with it either.
Hobart Welders Forum is a good place to learn about welders and welding. They discuss other brands of equipment there, and you can probably search those forums to get a run down of pros and cons of the single-wire size, 115 volt, flux-core only economy welders.
jeff967 mentioned that he uses a Miller welder with flux-core wire. Be aware that MIller and Hobart and Lincoln are high quality welders. You shouldn't draw conclusions about the capabilities of a Chicago Electric welder from HF or suitability to task based on other people's experience with Miller, Lincoln, Hobart, ESAB, etc.
I have a Hobart Handler 187. It is a 230 volt welder, and I'm running C25 gas with solid .030 wire to make my Brutus Ten. It is definitely not necessary to have a welder like this to build a brew stand, but I'm very happy with it. It's a dream to weld with.
If you are going to use the welder for other projects besides a brew stand and you want to stick with something in the 115 volt class, take a look at Hobart, Lincoln, and Miller welders in that class. Northern Tool has the Hobart Handler 125 on sale for $299 right now. It's upgradeable to full MIG when you decide you want to weld with gas. While you're browsing Northern Tool, take a look at the Hobart Handler 140, which is the top of the Hobart line in 115 VAC class.