Great stuff here guys.
I'm new to the LSR scence, but I am a professional Metallurgical Engineer with a decent amount of welding and practical industrial/manufacturing experience. All of the welds in the photos look very good and have failed in an expected manner. As was stated above, if the weld is made properly, the strength of the weld will exceed the material immediately adjacent to the weld.
Welding rods/wire for steel are typically rated based on their tensile strength after welding. Let's say 70,000 psi tensile strength. In its as-delivered condition, the tubing will probably be slightly above this strength level for mild steel, and well above it (possibly double) for 4130 type materials.
However, when the welding occurs, there is a Heat Affected Zone (HAZ) which forms around the weld itself. This HAZ will extend into the base material differing amounts depending on how much heat in introduced during the welding or post-weld heat treatment. The base material becomes softer (and weaker) in this HAZ. For 4130 type materials, the difference between the base strength and the HAZ is greater than the difference between mild steel and its HAZ. In either case, the strength of the welded joint is limited by the strength of the material in the HAZ. That is why all "good" welds will fail near the weld seam, but not in the actual weld bead itself.
I agree that for our purposes, mild steel is the way to go. The only possible benefit to 4130 tubing would be to reduce the weight. There is no strength benefit to 4130 unless the entire frame is post-weld heat treated to restore the proper hardness and strength.
Again, what a great thread.
SteveM.