Further update after talking to Boomer on Reef Frontiers with Help from his friend Randy Holmes Farley.
Here is his reply.
Hi Ed, sorry I'm late but have been busy lately with lots of stuff going on.
There is a talk of GFO putting iron back into reef tank. Therefore promoting algae growth. Is there any way to learn if that is fact or fiction?
No, it is no fiction but fact but should not be an issue, as most reef tanks are more depleted of iron than any other ion and need iron. Many reefers dose iron.
This so called new GFO is not new. PolyLabs use to make on called Opti-Phos.
These are just GFO with a poly coating. The have shown no proof that it does not leach iron out, it is just a claim. All I see is marketing hype. It may be more on the order as Randy suggested the other day that it is likely to break apart less, thus exposing less free GFO which *may leach iron which normal GFO * may do. Humm, how come when people test their tanks for iron using GFO they do not see all this iron