If your going to build a castable liner, I would suggest making the whole thing out of castable. And yes, 3" is a requirement for most castable refractories. Anything less than 3" and the castable will not provide full insulating value. If you can build a form to cast a liner less than 3", allow it to cure, and then wrap the exterior with 1" of #8 density kawool, it will make a really nice welding forge. Its just a lot of work and you need to be careful with a liner less than 3" thick as it can be rather fragile.
Whatever you do, I would discourage trying to put any layers of kawool in with wet castable. I tried that...ONCE. The kawool will soak up the liquid/moisture from the castable, and will never cure....or at least it won't cure enough to use. On that one, I built, I let it dry/cure for over a month, and upon first firing it, blew chunks of the castable all over the place, essentially wrecking the liner.
Something that I have done is to build a welding forge from kawool (1" thick/#8 density) BUT..I used 3" of castable for the floor, and swept it slightly up the sides. I coated the interior of the kawool with ITC-100 slurry. Its a matter of expense versus ease of repair and use.
Although a solid castable forge will last for a LONG time without needing repair, however the down side is that it takes much longer to heat up (45 mins to more than an hour), and when its done, you have to start all over with a new shell and all. A welding forge with kawool/ITC-100 and a castable floor does require that you replace the kawool more often, but its less expensive overall, and you can reuse the same shell until the shell is wrecked (I've been using the same shell for over 3 years now).
In the end, its really up to you. both have their good and bad points, but either done correctly, and with thought, will serve you well.