Actually, the Ranger (in fact all of Lincoln's equipment) come with the industry standard three year warranty..
The Ranger 250- with the patented CHOPPER technology, produces some excellent arc characteristics at all voltages/amperages. The adjustable crisp/soft settings are extremely helpful when welding with 7018 or 6010. Arc control is very nice and stable, due in a great deal to the chopper tech. (basically takes the output and chops it up to produce higher frequency) similar to what an inverter does. My personal preference is the Ranger 250. but that's just my opinion