Wagner Power Sprayer

I am considering purchasing a Wagner power sprayer for some upcoming projects. What I have read in this groups archive is that it is junk for big projects. What I need it for is to paint some wrought-iron security bars for windows and possibly for the exterior of a house and whatever I can find a use for it.
Has the product been improved or should I look at getting another type of spray gun?
Thoughts/opinions?
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