I've been working with making nitric ferris for a while now and have tried more "recipes" than I care to admit too. The primary issue, that I have found, is temp control. If it gets too hot, then you'll end up with a batch that won't produce the rich tones everyone so desires or you'll end up with sludge in the bottom.
The temp can be controlled by three ways. How much iron you introduce to the acid, what ratio of acid to water you use and the temp of the water/acid solution is.
First, I won't make nitric ferris in the summer. Outside temps get too hot and you can't control the reaction time as well as you can in the winter. Second, use cool water in your solution. I leave the water in the fridge over night first. Third, surround the container you will use in an ice bath. By using cooler components you'll slow the reaction down, and that is exactly what you want.
When done right, you should never need to neutralize your stock. If someone can explain how to post pics, I'll show you the results that I have come up with.
The only part that you can't control is the wood. No matter what you do, ever piece and even different sections of the same wood will contain more or less tannins. They will change the reaction of the nitric ferris to the wood every time. I've seen it on the same stick. The bottom is dark, the top is light. Can't control that.