Depends really on what you are doing with it. For most things, TIG is going to be a heck of a lot more versatile. But, it certainly ain't cheap, and you aren't going to be able to start welding on your boat after a couple months of practice.
If you will primarily be working with thicker aluminum (over .125), MIG with a spoolgun (or a push/pull gun, but they aren't cheap, and probably well above your needs) is the way to go, as it is less costly to operate, and quicker. Below about .125, I use TIG for almost everything. A handful of thinner things can be MIG welded, but it isn't easy, and appearance usually suffers. The travel speed needed to MIG thinner metals is incredibly high, making it tough to maintain a halfway uniform bead.
Ranchero does a lot with his MIG that I wouldn't even dream of doing with anything aside from TIG. Just boils down to making do with what you have. I'm sure I do a lot of machining by hand that he wouldn't dream of doing without his mill.
If you are going with a MIG, I wouldn't get anything less than a Millermatic 211 with a spoolmate 3035 or similar. Ideally though, a good midrange MIG machine is something like the 252, with Spoolmatic 30A. Much better for aluminum. If you really wanted to get something really nice, the 350P, with the pulse options and all really expand the MIG capabilities, but that is really reserved more for full time fab shops, that will be using the machine on a daily basis.
However, if I had to choose one over the other, it would be TIG, hands down. An AC/DC TIG machine gives me the ability to weld any weldable metal (not that I have a use for welding titanium and all, but my machine will do it), and really excels with the thinner metal, like on most jon boats, yet still allows me to do a handful of thicker things, if the part isn't too big.
The downside of TIG, and this really comes to play with any process, is that it takes a good bit of practice and learning to become halfway decent, and it requires regular use to stay in practice.