In all honesty, that PWM device looks like a lot of trouble to get something you can get easer elsewhere.
If you really want something old school, and serial, get a noisy cricket. They can be had for next to nothing. A real mech, you will NEED to learn how to build for it. Once you do, you'll be really happy with what you can get out of such a simple setup. Want a vape that's not crazy, cloud bro, stuff? You build for that!
In terms of the vape: you can get what you want, high power, and have the ability to turn it down with one of the many high power regulated devices available. 200+ watts is common. A lot of them are cheap, around a $100 or so.
Either way, spend money on super good, high drain, batteries. Do not go cheap, you'll end with fakes that are dangerous. While you're at it get a good charger, it will last for years. Mooch's blog is your friend for batteries. Search for that. I'm not going to recommend batteries when Mooch is the widely recognized authority concerning that.