wjason25,
I know this doesn't exactly answer your question, but one of the reasons the inside corners of full depth stiffeners get clipped is that it is easier for the fitter to fit the stiffener in the beam. A simple clip of the corners also help to keep water from being trapped in the web while loaded on trucks waiting to be shipped. If the piece gets hot-dipped, the galv.'ing don't get trapped and build up around the stiffener as bad. Most stiffeners should get a 1/2"x1/2" clip off the corner, while bigger section beams with larger "K's" might get as much as 3/4"x3/4" clipped.
In regards to the "K" area,
I know AWS is concerned with flame cutting in that area of group 4 or 5 materials and requires more stringent NDT and Inspection. See AWS D1.1:2002 Para.5.17.2.
John Wright