lots of different ways to do this.
how are the angle iron actually touching each other? The interior connections on small parts like two 45 degree angle iron parts at 45 joint can be very, very difficult to weld and clean up properly in the little confined spaces - or they can be easily accessible and dirt-cheap to assemble.
how "clean" a joint do you need? Do you care if it looks ugly?
How many joints?
Field or shop welds, or a combination?
How many assemblies?
how good a team of fitters 9the people cutting the steel) and how many welders?
How well trained are they?
Are you going to make a jig-and-fixture to repeat this many times?
Same pieces all the time, or is each piece a unique assembly one-of-a-kind?
Are you going to be doing this overseas with Chinese welders, or locally by yourself?
are the angle iron and assemblies "designed" professionally or did you just assume a 4x4x1/4 is "big enough"?
What are the loads involved on this joint, and are they static, or vibrating and randomly distributed so fatigue is a problem?