A Pressure barrel is a lot easier to fill than 40 bottles but they cant contain the same level of pressure as a bottle. So are fantastic for beers with a lower level of condition such as bitters and ales, but if your wanting to sup beers with more condition like continental beers and lagers then bottling is probably the best budget option open to you,
when fermenting you just want to keep anything off the beer so a lid or cap on the barrel is useful, but it neednt be sealed down, just sat in place is good enough to stop dust or anything dropping out of the air into it,
if using the PB for serving beer under presure look at adding a co2 injection system either little bulbs or a s30 bottle system, the condition and pressure contained in the barrel may easily expire before you have drunk the beer and if you get the 'GLUG OF DEATH' air bubbles passing back thru the tap and up thru the beer you will oxidise the beer and it will be OFF within a day!!