Sand a portion clean to 400 or 800 grit and etch it with ferric, you'll figure out if it's wrought quick enough. The bend test is a good guide if all you care about is traditionalism or forgeability, which is valid, but in our case, some wrought is too "clean" too give any pattern, and may as well be mild steel from a fitting/embellishment standpoint. So I'd argue; etch it, and see what it looks like, answer both questions at once.