Answer:
a)No, I wouldn't.
b) It can be improved through alloys.
Explanation:
Iron is a metal with lower resistance to corrosion, this means it will show visible signs of oxidation in living tissue, this corrosion happens so rapidly that supply and migration of oxygen can't pace with the consumption of the oxidant so that the contact tissue becomes starving of oxygen, this is the reason why I wouldn't use pure iron as an implant material.
Iron can be used in alloys to improve its properties, reducing the corrosion, but keeping the iron's resistance for implants in places with higher mechanical stress, one example is Iron-Chromium-Nickel alloys.
I hope you find this information useful! Good luck!