Sounds pretty cool to me, but I'm blowing propane or used motor oil into an concrete bucket so anything sounds good.
I don't know much about induction furnaces, I believe the get real hot real fast so you have quick melt times. That should save on energy. The foundry near where I work used to have an induction furnace and an electric arc furnace, they did both Iron and Aluminum melts. They closed down about 10 years ago.
That sounds like a really good size to start out with, let us know how you are progressing.
Welcome to the forum.
