Thanks everyone for your input. It helps put some perspective on my options.
Thanks as well PoolDoc for your best guess as to what I should trial and error. Jet setting to my place is definitely not what I'd expect. It is interesting the number of similar questions you must field. I just wanted to know what I could I try or what someone would recommend who had more experience with pools than I do. I'm good with trial and error. You've more than given me some options. Sincerest thanks. I'll look forward to your faq to figure out all the whys. Understanding that might help as I'm trial and erroring through it all.
Although it would definitely seem filling with conditioned water, no matter how much slower it may be, will definitely be less time consuming than dealing with iron in the water.
Regarding the upgrade of the filter and pump. If I were to consider such a thing, is it worth it for the kind of pool I have and what might you recommend? Just a best guess/opinion. I wouldn't have a clue without somebody giving me one as far as what to get. Thanks for any input you have.

Thanks again,

Kris