Chris, most of what I forge is W2 or 1095. In the case of W2, I start with round bar varying from 1.5" to 2" round, with the 1095 its 3/8" thick. In my view you have less of a chance to induce stress/ harm to the steel by forging the upper end of the limit. You will spend less time in the heat, fewer cycles for the same amount of movement.
There is nothing "harmed" or lost when forging at higher temps, im not keeping the steel at those temps for extended periods of time, and use proper "cycle down" heats toward the end. Ive been to industrial forge operations and they forge on the upper side as well, and are making very critical parts.
After the "cycle down" (dropping the forging temp the last few passes that im basically just getting everything "straight"), i do a fairly standard 3 tier normalization process.
I bring my blades up slowly to 1500 and quinch in Texaco "Tuff" quinch warmed to 120+/-. Depending on the blade and its intended use I will do at least a double temper, sometimes tirple, again depending on the blade and its use.
Ive done alot of testing, chopping both green and dry bamboo (no shortage of that in my yard), rope testing (on the table, using multiple cuts checking abrasion resistance), all kinds of chopping in the woods as well. Also done ALOT of flex testing in the vice (testing flex vs bend on varying differentially hardened blades, finding that perfect "blend" of having enough hard steel not to take a "set").
Ive got over 1000 blades out there, with many hundreds actually being used hard, get lots of feedback from my customers which helps me in my work greatly.
I take great pride in my work, and will put my blades with any made for toughness, performance, ergonomics etc...
Heres a 10" chopper blade pic was forged from 1.5" W2 round bar (started as a 3.5" piece, the blade was 10" x 2" with a 4.5" tang)-