I think that your question is useful more than anything to those attempting to model in FEM welded unions. In such context one would thing that the more complex the program (allowing for more flexibility in the model conditions) should be better, and so one would tend to discard shell modeling against 3D.
For most others, sticking to union design by more common procedures would seem the way to go.
Then, use of shell, plate elements can have some use to see the stresses in them, say, in a bridge situation you have some other loads applied and try to see if the presence of the weldement would look to give some zone too bad a behaviour. Even for that 3D should do better, anyway, but insight you would have.
Also, FEM results, like opinions of structural engineers, there are of various kinds. I can assert for sure, for I have seen it with my eyes, that the results of plate elements in RISA 3D and one plate in Visual Nastran 4D give different enough results to make some deflection permissible or not, or vary the proposed reinforcement. I am also reasonably sure that both can be used to both intents for I have practiced it and none has come to my door to commplain, but results, are different, and must be, besause the FEM formulations are different. That the difference should be smaller or one should be corrected more than the other to approach some theoretical solution, this is for others to say.