The 1/7 rule doesn't apply to the oxygen tank, it ONLY applies to acetylene, due to the gas being disolved in acetone, much like the CO2 is disolved in soda water. You KNOW what can happen if You open soda water too fast, the acetone can do the same if You over draw the acetylene cylinder. You can excede the 1/7 rule somewhat for brief periods, but you are not supposed too...
Welding will probably work better with acetylene than MAPP due to the reducing nature of the acetylene flame. This is My guess, I never tried welding with MAPP & don't know anybody who has, but I know Oxy/Propane is dificult to weld with.
A rosebud is a heating tip that has multiple flames, this spreads the heat out more than using a welding tip for heating things that You want to heat over a larger area without melting any spots. Only the most tiny rosebuds will work on the "MC" cylinder. Mine is only about 1/4" diameter over the outside with 6 tiny holes.
The cours is well worth it, for the safety issues as well as the welding/brazing part.
I have a Victor portable setup. It came with a 100 series torch, which is a nice enough torch, but it can take much bigger tips than the small tanks can feed. The cutting atachment didn't fit well in the storage compartment either. I recently changed the torch to an old Prestolite W200 that was My grandfathers, I have a better selection of brazing tips for it, and the cutting atachment fits in the storage compartment. There are probably as many sentimental reasons for this change as any other, but it is a sweet little torch.