MMMmmm. Complex situation. Metal in the tank: get that out---you can find plastic c-clamps in the hardware store but not with plumbing: with the lawn sprinker system stuff, of all things.
Dosing iodine regularly. Back off on that and other special additives until this chemistry problem are ironed out: I personally make a rule not to add what I haven't got a test for, because the chemistry can be tricky once it's complicated by other additives. Some of the Kent stuff, for instance, has extra magnesium in it and it's real easy to overload.
Some concrete steps to sort this out:
1. get the metal fasters out (c-clamps, I'm betting)
2. run a little polyfilter in your sump to get rid of any metal that may have leached out.
3. test alkalinity. If below 8.3, use buffer to bring that up. Do not add more than the max daily dose given in the instructions. This may take several days. Never add buffer and calcium together: the result will be a snowstorm.
4. start bringing that calcium level up to 400; again, it may take days. If it absolutely won't stay up, you'll need to get a magnesium test kit and run that test. The magnesium level should be 3x the calcium level for the system to be stable.
5. Your other parameters are good...except for those pesky nitrates. I'm betting the cause is either too many fish, or overfeeding. If too many fish, you're going to need either to thin out the population or get a mega-skimmer, a real workhorse that can take care of the fish-poo. A lot of live rock and a lot of bristleworms can help this problem, too. Basically you've got too much not-broken-down-poo in the system, whether it comes from leftover fishfood or from fish poo. That's what makes the nitrates, in the sum of things. And it needs to be gotten out either by worms breaking it down, or if it's too much for the worms to take care of, by a skimmer that will strip it out of the water. It's not going to be an overnight fix, but it is fixable.
I hope that at least gives you something to go on.