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Advantage of fully forged wheel are 1. Weight savings, 2. Strength in barrel and spokes. Spokes is the flow forged wheels are casted, which have random crystal structure. The forging process aligns the metal crystal structure, which make it stronger.
There are different level of forging as well. Most forged wheel are CNC machined from forged billet. Only a few forged wheels has spokes forged into shape then finished with CNC machining.
Modern wheel manufacturing process has evolved significantly. A flow forged wheel will be plenty strong even for professional motorsports. Picking wheels really comes down to subjective style and willingness to spend $ for grams of weight savings.