Update.
I've made a very small initial dose of Brightwell's Iodion (iodide) last night. Based on the concentration stated on the bottle I added 2 ml of Iodion to raise my levels from ~0.04 ppm to 0.06 ppm. Otherwise the recommended dose was 5 ml per 50 gallons every 2 to 3 days, or 1 ml per 10 gallons which would be 6 ml for my tank. So far I have not seen any improvements or changes. I may try another 2 ml dose in the next day or so.
I've also purchased replacement reagents for a Red Sea Iodine Test Kit that a buddy gave me. In addition to the Red Sea Test Kit, I have also purchased 3 ICP test kits from the club to help me figure out what my tank iodine levels and consumption really are.
After a lot of google searches on what iodine depletion can do to corals, the symptoms very much seem to fit how my corals, and which corals specifically, have been behaving. I have my fingers doubled crossed that this issue is really due to low iodine.
If you can think of any other recommendations at this point, certainly please let me know!