I'm sure they are important...about the same as daily vitamins are "important" for us human folk. Iodine is present in most decent salt mixs and I've heard iron is good for macro algae growth but I don't know if iron is present in sufficient levels in salt mixs.
The only source of either in my system is via water changes and I'm fairly confident that both are maintained at adaquate levels so I've never considered supplimenting either.