Dumping 1/4 of your water won't make or break your situation. To FIX thing by dumping and refilling, you'd have to do 3/4 or more AND have high quality fill water.
At this point, where we've at least hit a higher level of pH, I think if you simply run your filter 24/7 and add borax every couple of hours, 1/2 box at a time, you may be able to do fine. Do not clean your filter too much -- watch for the pressure increase on the gauge, and do not clean till you've seen pressure go up 4# above whatever the pressure was when the filter was clean.
One more thing: can you test your tap water, or whatever water you fill your pool with? We need to get a handle on how all that calcium got into your pool in the first place. If we don't figure that out, we can't really resolve your problem, since it's likely happen again.
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