The Hobart plasma system that you are looking at is a 12 Amp plasma system.....it is designed for hand cutting on gauge material....it will barely sever 1/4" material with an edge start......and may be able to pierce 3/16" thick material. You may be looking at it because it is self contained...has a built in compressor. It is doubtful it could cut 3/8".....and if it could, it would have to be an edge start and the cut speed would likely be in the 2 to 4 inch per minute range...very quickly getting the plasma beyond its duty cycle rating.
To cut the thickness ranges you suggest....you really need 40 to 45 Amps minimum...and some manufacturers 40 Amp systems will have trouble piercing 3/8". Due to your budget constraints...you should look for a used 40 Amp plasma...Craigslist is a good source. One of the best is a Hypertherm Powermax600...there are many out on the market...and it could suit your needs adequately.
Good luck on the table build....Tom at candcnc can probably offer some great suggestions.
Jim Colt