I'm pretty sure all the older ones use a diode system for the "rectifier", newer ones may be solid-state, but I'm not sure. The way I see it, unless you stumble across a steal on the diodes, it's just as easy looking for a good buy on the AC/DC welder. Of course, I've yet to find either (not looking too hard right now though).
There might be some that are reverse or straight only, but unless they are the "plug type" I've always seen a polarity switch; or even AC, DC, DC reverse.