Big problem I had with mig welding cast iron cranks was porosity, never did find a real answer. Just lived with it and ground those areas out and welded again. Even tried a 1200 degree F. burnout held for about 6 hrs at the 1200 degrees and cooled overnite.
This was using Ni-Rod 55 wire, the boundry layer was a bear, tough and hard, the carbide bits suffered.
We had a couple of test cranks done with tig, but it was very slow and we didn't have tig gear, but had mig, so that was the way we went.
Grinding would be the way to go, but can leave behind unknowns that can complicate rewelding if needed.
Once brazed, may only be able to be brazed after. Brazing can propably be machined after if let to cool slowly.
It also been 30 years since, so maybe some different materials about now.