3/4" Centerline radius would be plenty big for any shop worth its salt. Depending on the steel grade, 1/2" CLR would also work, but would depend on tooling availability.
A general rule of thumb for most materials is to make the radius on bends of round tube/pipe/rod at least 1.5x the OD.
The smaller you make your radius, the more pressure put on the piece during forming, and the more pressure required for the grip to hold the piece in place (which could give the appearance of a slight bubble on the inside). Not likely for 1/2" steel rod, but possible.
-TJ Orlowski