Start with one question: will you drop it?
If a loaded bar is ever going to hit the floor from overhead or from your hips — snatches, cleans, jerks, or a squat you have to bail out of — you need rubber bumper plates and a floor that can take them. Nothing else survives that, and cast iron will crack, chip and destroy your floor on the first attempt.
If you only squat, press, row and deadlift under control, cast iron is far cheaper per kilo and entirely sound. If you compete in powerlifting, you need calibrated discs, because nothing else is thin enough to fit 300kg onto a 400mm sleeve.
Most home gyms that do a bit of everything end up with bumpers for the lifts, iron for the slow work, and a set of change plates so progress does not have to come in 5kg jumps.
And the one most people get wrong
Sleeve length. A typical 7ft bar gives you 400 to 430mm a side. That is a great deal of room for thin calibrated steel and much less than you think for 450mm training bumpers, which are thick for their weight. Every bar page on this site lists the loadable sleeve length where the maker publishes it — check it against the plates you intend to buy, not the other way round.