The only thing that matters with the steel plate is how it effects (steers) magnetic flux. Rigidity and weight don't play a factor in efficiency (well, not much) A plate that is too thin will have flux leakage out it's backside, reducing efficiency. The material must be thick enough to guide the flux to the neighboring magnet.
I used brake rotors, and even though there is potentially 3000 pounds of magnetic attaction between the rotors, (if they were allowed to come fully together) the back side of the rotor have practically no magnetism at all, indication efficient use of the magnetic field.