Many places to find a used 55 gallon drum: Oil change places,
online classifieds, metal scrap yards etc. Usually with a bit of looking and a bit of patience, one can be found locally so don't give up.
The metal in a water heater tank is much thicker and therefore much heavier than a drum. I would say it would last longer because of this though. It is also smaller in diameter. So if either of these characteristics are not what you were looking for, then a drum is the way to go.