I use an old wallpaper steamer, they are cheap (£30) and have a nice flexible hose. I made a steam chest with some offcuts of insulation board (the expanded foam sort wthat has a thin aluminium coating either side. The board was just cut with a knife and glued together with some caulk and bound with duct tape. You can punch holes in the board easilly to take a bow at any angle.
To me the big advantages of steam are.
1. You can heat a long bit of wood all at once to an exact temperature.
2. It doesn't dry the wood.
I know some people say steaming causes checking or dries the wood, but I don't really see this myself, it's more even, gentle and controlled.
Also seems quicker and easier, set it up, wait for steam, go have a cup of tea/watch TV, come back half an hour later, slap it on the former quick. Ha yes that's the down side, you have to get it on the former quick, unless you lash up the steam chest around the former.
I think dry heat comes ito it's own if you are bending and heat treating at the same time, the bend is also less likely to shift back if you get it up really hot and heat treat.
Del
PS There's a pic on the 'other stuff' page of my website (click the globe symbol under my username)