Ben,

Thanks for clearing that up and all of your helpful information, it is much appreciated. I do indeed understand that sequestering is a temporary effect and that staining can return, which is why I have so many more questions of how to successfully "remove" the iron from my water. I Just started the process yesterday.

My Chlorine level is .5 or less.
I added Polyquat 60 with my pump running on filter.
Waited 20 mins, then shut off pump to apply stain remover to fiberglass steps.
I used Natural Chem's Stain Free to remove stains from fiberglass steps, since I had already purchased it a few days ago unfortunately.
I also used SeaKlear Metal Klear, as a sequestering agent, again I had already purchased it unfortunately, it was available at my local pool store.

Results Yesterday:
The steps immediately began to turn back white. After about 30 mins they are all white except for a few vertical surfaces.
The pool looks clear and better than ever. I resumed pump/filtering. Maintaining low chlorine level. I also took the time to top off my pool. Used my hose connection outside that utilizes water that passes thru my water softener and whole house carbon filter. Filled thru skimmer basket with pump running.

This morning:
The entire pool is sparkling clear! all of the stains are gone off of the steps, vertical surfaces and all. a few other minor stains in the bottom of my deep end are gone as well and minor discoloration on my skimmer inlet are all gone. Everything that is supposed to be white is now. Aside from probably paying way more than I needed to for chemicals, they seem to have worked perfectly.

Now for my questions:
1) Can I use CuLator in conjunction with Cal Hypo or would that be pointless (waste of money, incompatible with each other, etc.) ??
2) If only recommending to use one method or the other, which one seems to be better, easier, or produce the best results? (keep in mind my iron issue seems to be minor)
3) If using both together, how do I apply them? CuLator in skimmer sock with Cal Hypo in bottom of skimmer basket? Could I add one to the skimmer basket on pump?
3) If using Cal Hypo, my CYA is low (Less than 20 when I measured), Should I add CYA to bring up to proper levels, and if so when?
4) My CH levels when measured yesterday before starting were 290~300. If I'm letting the CH "float" will it creep up too high for my vinyl pool? (I assume no because of iron attaching to calcium carbonate "dust" precipitate and it getting caught in filter?)
5) How do I know that all of my iron is gone for good, watch for re-staining? If this is the case, how do I address the new stain? repeat process of stain removing and sequestering?
6) What are my options for preventing this in the future when topping off from my well? Aside from filling from my softened/filtered water, use Cal Hypo during that time or CuLator packet?

Also, draining and refilling with metal free water are not options for me at this time. Plus my metal issue seems to be a minor one to me, so I believe it can be addressed using the method you have described and I am willing to give it a try.

I'm sorry if I that's too many questions. browsing here, I see a lot of similar questions being asked and I know it must get tiring to say the same things over and over again. I have tried to search and read older posts regarding this issue as much as possible, but still am unsure about things. I am hungry to learn how to manage my pool and make it look amazing. I'm an engineer by trade, so finding solutions to fix problems is in my blood, I can't help it. So is being long winded sometimes :-/