tnmike55 -
Sounds like you've got a grip on welding! I respect the experience of a similar applicaiton - repetitive hammerings.
Consider the analogy of the cost of a motor cycle helmate - if you have a $1 head get a $1 helmate, if your head is worth more get something better.
The mortar in my avitar is 4140 - turned from a solid billet. Overkill, yes. Would I do it again, no, I'd use 1018 or 1026.
(I got a good deal in a trade for a computer plotter to a machine shop for the mortar built to my spec.)