Ok, this is ALL new (except for the hours of lurking, research to convince myself to acquire a machine, etc. etc.). I want to build a few things from "scratch". On that list is a pair of 1911's and an AR platform. Probably an AR-10 type 308. 1911 frames seem to be mostly steel. AR lowers all seem to be aluminum in one grade or another.
The "MIL spec" ARs are 7075. ALL of the forgings I have seen are 7075. Billet lowers are whatever they made them from. 6061 is not as strong, but unless you are pounding tent stakes (or anything else) with the butt of the rifle I doubt it will make much difference.
1911s would be made from 4140, 4340 or a hardenable stainless.
Is there a reason one could not mill a 0% from steel?
None whatsoever! Any flavor of steel would be stronger than the plastic lowers out there that DO work. It would be a bit on the weighty side though...
I have access to and think I can forge a blank for both from what I think is Aluminum Bronze. It is hardened, anti-corrosion valve bronze of some kind (I haven't confirmed the metallurgy, but the price is PERFECT) and I can, with a little patience, have as much of it as I want.
Heating any "red metal" hot enough to forge it will anneal it removing any temper that it did have. Re-hardening it would be a difficult task with out extensive knowledge and skills. So I would assume any bronze forging you were to do would NOT be hardened any longer. Second, as already mentioned, bronze will work-harden and is prone to stress cracks as a result.
MAYBE not a huge problem in an AR lower but
MAYBE it would be... Have not really looked into doing a lower out of copper alloy due to issues with red metals in firearms in the past. Copper alloys are just not a good choice for firearms in general. History has proven this to be fact.
Forging steel into a usable "hunk" is a bit trickier, but on the table.
I can see little purpose for forging a steel lower sort of saving your self a little time on the mill. However, unless you were making MANY of them, the time to make the forging dies would be greater than the mill time. I just don't see what's to be gained.
I also can put my hands on "scrap" steel, including stainless. With the assumption this is a problem I want to tackle, thoughts and opinions?
PERSONALLY, I would skip the bronze firearm idea. The probability of a crack is greater than I am willing to accept. Forging a steel part for one or five firearms is one I would not entertain due to the time involved in making the dies. I had considered it for the bolt handle for my .50 and dropped the idea for that reason. It may come back up when I do a smaller bolt action as I would be likely to do more of them over time.
No one but you knows your motivation for your projects so it is not possible to tell you what you "should" do. Just keep in mind the properties of the materials you are working with SHOULD be front and center in any project. More so when life and safety are on the line.
FWIW, I have some non firearm projects in mind too. I just want to do the ones that go bang first