I have been using AQ and vinegar and iron for some time. I have had a couple of problems with leather dry rotting, but I now believe it was because I used too much baking soda to neutralize it. Based on some of the advise here, I am going to stop neutralizing both leather and wood, for different reasons. Both the stains do dry the leather out considerably. Make sure that you oil the leather good if it seems a bit stiff after staining. Otherwise, you risk cracking the leather. Of course, you might want to do that.
Mark E.