Fair enough, I see where you're coming from olddad. Even I could outpace a 30% duty cycle. Still, for a hobbyist, this might be just fine.
The issue with duty cycle is a seperate problem from the amperage required to properly burn a given electrode and make a sound weld.
Setup on a 230V circuit, and running 1/8th" 7018 rod at 100 amps, the duty cycle rises to something approaching 45%. This isn't good enough for production welding or a professional who's on a mission.
But it's probably not an issue for smaller projects with lots of setup and preparation before making each weld. You know, measure the parts again, check the clamps and alignment, find a rod that hasn't been bent or stripped of flux in the bottom of the toolbox, smoke a cigarette and/or drink a beer, scratch, go inside and take a piss, then come back to make the next weld...
Depending on how you intend to use the equipment, you may be fine with an Invertec V-155, so long as you keep all these limitations in mind.