well i'm not sure how tight a bend you can get, i wouldn't think it would be very tight, but i suppose you could try.
pipe usually has a heavier wall than DOM, so that adds weight, not sure if the steel itself is heavier though, and yes, pipe dimensions differ from DOM dimensions,
http://www.engineeringtoolbox.com/ansi-steel-pipes-d_305.html
if you want a thinner wall you might be able to find some schedule 10 pipe. heres the differences in wall thickness between 10 and 40.
http://academic.evergreen.edu/projects/biophysics/technotes/fabric/pipe.htm
you can use DOM tubing if you want, it will make your life a bit easier, but its just a bit expensive. just checked, thats from
www.metaldepot.com
a 2ft piece of 1" OD .120 wall DOM tube is $13.52.
a 2ft piece of 1.05" OD .113 wall steel pipe is $3.72.
like i said your options for bending tubing are:
HF tubing roller, might possibly work, but i wouldn't put money on it.
buying a used tubing bender off ebay.
building a tubing roller using a set of plans.(can give you links)
using steel pipe and an HF pipe bender.
going to a shop and either having them bend the tube, or convince them to let you use there machine.