Depends on what you are cutting... hollow material like tubing- round and square works fine with the new carbide metal cutting blades for chopsaws and gives a nice square cut with very little clean up after. For large solid material the cold cut saws are fine but pretty darn expensive. Most machine shops use the reciprocating metal cutting saws instead of the band saws because they will give a very square cut with very little clean up after. The blades are wide and much stiffer backbone than bandsaw blades so they don't tend to flex like bandsaw blades .
I've been in four GM plants, a Ford plant, four machine shops and a handful of steel supplier stock rooms. NONE of them use a reciprocal saw to cut material, it's all done with bandsaws. Even when we're segmenting engine heads or blocks at the foundry so they can run the samples through an electron microscope the cutting is done on a bandsaw.
I pity the fool who cuts me a piece of tool steel on an abrasive cutoff saw. Said person is going to have a metal anal suppository...