Thoughts on Metalurgy
Forged steel is a little stronger than cast steel, this is due to the forging process. it actually adds carbon to the metal, this is technically the difference between Iron and Steel. Steel is Iron with a higher carbon content. Steel is graded by its carbon content 4140 carbon, 440 Stainless, etc. the higher the carbon content the better the steel to some extent.
If steel is cast 4140 or forged 4140 it still has a carbon content that grades it 4140.
I took some cheap scrap iron and stuck it into a oak feuled coal fire and heated it and folded it, and hammered it until it looked like a knife. I used 20 mule team borax to flux the folds so I got good welds each layer. the result is I have a pretty cool knife and I learned some thing in the process.
Steel is Steel, 4140 is 4140 if you have a 4140 cast steel 1911A1 frame and slide it will function like a 4140 forged steel frame and slide. Both will need finish work that makes it impossible to tell visually which is which. they will have the same tensil strength, and brittleness and be significantly harder to work than lower grade steel. I will dig up a steel grade reference from my metalurgy books to post.
If all other things being equal you took a cast 4140 part from a pistol and a forged 4140 identical piece, I can assure you if pooly fit and finished the Forged piece could easily under prefom the cast part.
This is the inherent difference the fit and finish, That has nothing to do with cast or forged it has to do with craftsmanship.