The poster formerly known as captaincanuck65
Iron Fist can feature a more action heavy, martial arts flair than Daredevil, featuring and focusing on visually exciting fight choreography (which isn't expensive in terms of special effects and only requires good fight choreography and wire work...both are very affordable). In terms of its subject matter I'm a bit vague as I'm not very familiar with Iron Fist as I've not read much of his comics.
You should read Fraction's run. I actually hope this series doesn't take place in NYC. I want it to be as Kung Fu as possible and be about Danny Rand getting lost in the Himilayas searching for K'un L'un and then training under the Thunderer with his friend/Rival Davos (who becomes the Steel Serpent) and then he faces Shou Lao the Undying and becomes the Iron Fist. Then at the end of the series he can return to NYC and maybe make appearances in Luke Cage's series.
Or even Heroes for Hire.And ultimately it'll lead to The Defenders mini-series. Still not sure why they're calling it Defenders when it's essentially Marvel Knights in terms of characters