I've been forging round 416 into guard stock for a few years now. (for the same reason) I find it easy to forge at typical forging temps. It does seem to scale significantly more then typical carbon/alloy steels.
Where the glitch came for me was annealing it. At first I tried annealing as I would typical knife steel....in vermiculite....no joy. Inconsistent at best, with hard and soft spots, and in many cases I could not drill or file it, and it some cases the vermiculite simply had no annealing effect on it.
I consulted some folks, asking for advice, and got various answers on annealing. The one that worked for me was after forging it to the size I wanted (and leaving a bit extra for scale removal) using a heat treat oven, soaking at 1350F for two hours, and forcing it to SLOW cool in the oven. (I placed several pieces of 1 1/2" X 3/4" A36 around it in the heat treat oven to force a slower cooling......and the slower I could force it to cool, the better the annealing results, and the more consistent it was/is to work/finish into guards.