Short answer to all this is, is yes cast iron heads CAN be welded properly, successfully- and I was trained how to do it back in the 60s.
But if cracked in the chamber (as is usual) it involves slow preheating (preferably) in a furnace to a dull red heat, oxy welding with cast iron filler rod and flux on the hearth of the furnace, then SLOW cooling- preferably put it back into the furnace (which is shut off) to cool down overnight.
These days most places are in a hurry. They use shortcut methods- like stick welding with nickel or nickel/iron rods, or they TIG it with SS. Depends where the crack is but, if in the combustion chamber between the valves (the classic Mk1 S spot) I wouldn't bother with these methods.
Whether it is worth fixing depends on what degree of work it's had (eg a full race head), but if just a stocko one it's much easier to go find an uncracked one.
There are some out there.....

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DrMini- 1970 wasaMatic 1360, Mk1S crank, 86.6HP (ATW) =~125 @ crank, 45 Dellorto (38 chokes), RE282 sprint cam, 1.5 rockers, 11.0:1 C/R.
