Flange mounting (or, 'welding plates on it', as you call it) would be my favoured method of construction.
I think this is what 'the big boys' are using too (though they usually have the bolts on the inside, not the outside). As size of towers increases, we more and more get out of the realm of easy DIY construction and into the area of professional construction. It might be interesting to check how the big towers are constructed. I think they use flanges.
BTW, I wouldn't make my own flanges but try to find original ones and weld them on.
Erecting such a tower would be easier too (if you have access to a crane), one could bolt the sections together. No need for erection by means of a ginpole. Even without a crane, it should be possible to build an aid so the tower can build 'itself', i.e. like cranes can build themself up (but in our tower case, without hydraulic lifting of the upper part). Not sure if I make myself clear, but when building radiotowers, they usually install a temporary pole that is used to hoist the next section of the tower up.
Peter.