I have to come to the defense of the welded mainshaft method. If done right it is as strong as a single piece shaft, cheaper to manufacture and does not need to be rehardened. All the ones I have had were still hardened after welding at the splines, the HAZ was limited to fairly close to the weld, not into the splined areas. The one you got was just junk. The weld looks super cold with tons of inclusions. I would love to see it up close.
The Series shaft end has a big dumb huge huge stress riser right where the T case input gear splines end (like every splined piece in a Series Rover, but I digress). This is a way weaker spot than where the welded mainshaft would be. I ran a welded mainshaft in my T18 for years, never a problem with the weld, it actually tore off the threads to the gear locknut once and I broke three series T cases with that setup, broken teeth, nothing wrong with the shaft.