Time ago, I found a very interesting technical paper about this subject. Now, I don't know if this paper is completely available ( fully !!! ) in web. However, this paper appeared in Hong Kong ( MAGIVAL, Shangay 2000,November) and it was a good tool for people who is neither metallurgists nor magnetic experts. Moreover , this paper was a usefull general info for machinability.
About your questioms, I think there is no difficulties if you explaine what you pretend in terms of:
1) magnetic properties ( Max. Permeability, Hc, Br )
2) how much is important machinability ?
3) Stainless or not ?
4) Is material easy available in stock ?
5) it is more easy to find a 3"bar stock of mild steel, Carbon or alloy steel than 430( free machined or not ) stainless grades. This depends on how many pound ( kg ) or tons you need for your design.
6) there is a lot of magnetic data available about 430 and similar grade : what do you want ?
7) Do you use the part as delivered and machined ( after turning , drilling and so on ...)or machined and annealed( stress relieved ) ? Vacuum or annealed and then machined in order to take away the stock remooving?
8) what is the final dimension ( thickness and leghth ) ?
9) Do you obtained Hollow or solid state blanks ?
10 What about magnetic testing ? Costs ? DC o AC ? How much it cost for a single sample?
Let me know if you need more info !