There is extremely weak, I'd say No correlation between a residual
Fe reading and plant health.
None as near as anyone can tell.
So the real question becomes: why test for it?
You are wasting your $$$.
Buy a nice Lamotte
NO3 or
PO4 test kit, get a decent scale, a good pipette etc if you enjoy testing water and trying to relate it to plant growth/uptake etc.
Otherwise it's a waste of your time, energy, $$ etc.
I do not how many have done those wild goose cases about a misread/interpted test kit reading.
It's much higher than I could count though.
Regards,
Tom Barr