Induction cooking works by generating an electric current in the metal cooking vessel and converting that current into heat, which requires a resistive material (i.e. a poor conductor).
It's a bit of a catch-22, because you need a good conductor to actually distribute that heat. This is why some of the best induction cookware is clad metal - two layers of (magnetic) steel around an inner layer of highly-conductive aluminum or sometimes copper, sometimes layered multiple times this way. The thick magnetic sheets generate heat, and the thin conductive sheets transfer it.
Thicker metal means that the surface is slightly farther away from the magnetic field source, but also has significantly more resistance (since resistance is proportional to length, and we are talking about doubling or even tripling that), so theoretically it should be much more effective at converting the electric current to heat, and heat up faster.
The disadvantage of a thicker metal - assuming that there is no additional heat transfer material - is hot spots. This doesn't matter at all for a skillet, but if you're trying to cook with, say, a cast-iron stock pot or dutch oven, you'll find that the hot spots are even worse on an induction cooktop than an electric or gas cooktop, since the surface heat is generated very rapidly but takes forever to spread.
Carbon steel is a pretty good compromise, which is why it's generally the material of choice for woks, and that's the material I'd choose for an induction cooktop for any vessel other than a skillet or frying pan (assuming I had to choose a single material; again, copper/aluminum-clad stainless steel works better). For pans/skillets, you want the heat to stay focused on the surface, which makes heavy/thick cast iron a better choice.
I can't honestly say that I've had much experience with forged iron, but all my instincts are telling me not to bother with it because it would be combining the worst of both worlds - lower resistance at the surface but still relatively high resistance up the sides. The only caveat to this would be a possibly significant difference between the magnetic susceptibility/permeability of forged vs. cast iron, but this is likely going to vary from vessel to vessel anyway (not all cast/forged iron is the same) so I think your best bet there is to try sticking a magnet to it. If it sticks much harder to the forged than cast iron (doubtful) then it might be good for surface cooking; I still wouldn't choose it for a larger pot.
Carbon steel is more malleable and less brittle than stainless steel. This means that it is easier to hone on a knife steel, to maintain an extremely sharp edge.
Some folks feel that the benefit of that sharp edge–for example, in easily slicing tomatoes, and other very fast prep tasks–is worth the compromise of more persnickety maintenance.
Best Answer
I would start with Barkeeper's Friend. That has worked for me in the past. Use it with a synthetic scrub pad. As you know, once you get it in shape to use it, after cleaning, a light coating of oil wiped on with a paper towel will keep the rust from reappearing during storage.