First you have to start referring to the O2 sensors in a way that we can understand which one(s) you're referring to. There is no "forward" O2 sensor. When you say "forward" are you referring to "forward" as being on the front of the engine or forward of the cat? If forward of the cat, which cat, i.e. on which bank?
There are FOUR sensors on the gen 3 Ody. There are two on each bank. There is an upstream and a downstream with reference to that bank's cat. So, there is bank 1 sensor 1 (B1S1) and sensor 2 (B1S2,) and then there is bank 2 sensor 1 (B2S1) and sensor 2 (B2S2.) So, when you say "forward" I have no idea which O2 sensor you're referring to.
The upstream sensors (B1S1 and B2S1) job is to measure the oxygen content in the exhaust and send that information to the PCM. The PCM reads that information and changes pulse width of the fuel injector ON time. If the sensor is reading that the mixture is lean then the PCM will turn on the injector for a longer duration, thus enriching the mixture. If the sensor reads that the mixture is rich then the PCM will reduce the injector ON time, thus leaning out the mixture.
The downstream sensor, in most vehicles, is just used for comparing the oxygen content in the exhaust downstream of the cat with that of the oxygen content upstream of the cat. This comparison is how the PCM knows whether the cat is doing its job.
What complicates things with this generation of Honda is that the upstream sensors are actually Air/Fuel Ratio sensors, or wideband O2 sensors. These sensors work differently than standard O2 sensors and are more difficult to diagnose. Additionally, Honda, when using A/F ratio sensors, uses the downstream sensors in its fuel control strategy which complicates things even more.
P0420 and P0430 occur when the computer sees similar data from the downstream sensor compared to the upstream sensor. If the downstream O2 sensor data (measured in millivolts) stays fairly steady then that usually indicates a working cat. If it is fluctuating between 50mV and 900mV fairly rapidly then that usually indicates a failing cat. The idea is that the exhaust leaving the cat should be different than the exhaust entering the cat. If it's the same then it's not doing its job and you get P0420 (or P0430 on bank 2.)
If it were me, I'd replace all four O2's with new NTK sensors from RockAuto and drive it for a while and see what happens. If the P0420 or P0430 returns then I'd replace the appropriate cat. At 170K it needs all four sensors replaced anyway as they're worn out and contaminated after so many miles. If the P0420 returns then you need a new cat and want new sensors with a new cat regardless.