All I can say on the induction front is that yes while it seems the odds are on for more medical intervention with an induction, as long as you are prepared for that it will be fine, there is nothing AFAIK that can happen in an induced labour, that can't happen in a natural labour.
I think the key to any sort of labour (including CS) is just to keep as open a mind as possible. I have never heard anyone say anything like 'my labour went just as I planned it' it might be in the right place, or at the right time, but there will always be something that didn't go according to plan, and you have to be ready for that.
Hattie, thanks for your kind words and reassurance, you are right if I ended up with the homebirth and got through it in one piece I will be very proud and pleased as punch with myself, infact you had better make lots of room for my big head on the P/N thread!! But, I am the sort of person that would be more comfortable in a hospital environment, with people about and telling me how things are progressing, I actually can't imagine how frustrated I would get if I wasn't being told how dilated I was on an hourly basis!! And although I do joke a lot about the epidural, it isn't all about that, I wouldn't just go to the hospital and insist on it no matter what, I would still hope to go through the labour with as little pain relief as possible, but at the same time like I said I don't feel like I have anything to prove and if I ended up having an epidural then I wouldn't feel like I had failed in any way, or that I wasn't as brave/strong as the person in the next room who didn't have one. I suppose my mind is as open to all aspects of childbirth as I think anyone could be really, my problem is that if I get shoved into the box labeled home birth, most of my choices and options are then limited, and I know people can argue that choices and options are limited in hospital as well, but they are limited in different ways, ways which don't bother me in the slightest!
Wow sorry, bit full on for this time of night