I am also not sure what you are trying to do. From your first post, I thought you were trying to take out the iron with a neutralizing filter. Now, I understand that you are just trying to raise the pH.
The iron is present in the raw water in the form of ferrous bicarbonate.
The neutralizing filter or calcite filter (I assume that's what you are talking about when you say "limestone".) will generally raise the pH. The use of an aeration tower will also raise the pH. The pH can only be raised high enough if you have appreciable amounts of bicarbonate alkalinity in the water. You have not said what the level of alkalinity is, but I doubt that you have adequate alkalinity present to get the pH high enough.
Note that the resultant pH after the neutralizing filter (or aeration tower) is dependant on the concentration of the alkalinity in the raw water.
At a pH of 7.0 and above, a practically complete removal of iron is effected. When I say that, I mean if you have a pH of 7 and an aerated water, the iron concentration after filtering will be very low. I might add that keeping the pH above 7.5 is generally recommended since this pH will afford a good factor of safety in the removal of iron by aeration, settling, and filtration.
So, a target pH of 7.5 is what you are trying to achieve. If the resultant pH after aeration is below 7.5, you will need to add alkalinty to the aerated water. The alkalinity should be added into the basin below the aeration tower.
A neutralizing filter will probably not take the pH up to 7.5 so the use of a neutralizing filter is not going to help you remove the iron. This is the reason a neutralizing filter treatment approach is not used.
A couple of other comments:
Another disadvantage of a neutralizing filter is that it raises the hardness of the water so that where softening is practiced, the costs of the softening are increased. Don't know if this is a concern to you.
The neutralizing (calcite) filter should not foul with iron as long as you keep the air out of solution. I will respectfully disagree with Jeffries in that the neutralizing filter will continue to work since the calcite is dissolving. This is just not a good application for a neutralizing filter.
One treatment approach that you may consider is to use a water softener. I have seen many successfull municipal plants where such levels of iron are removed with ion exchange. The secret to the approach is to keep the air out. If you keep the air out, the iron will remain in solution and will be removed with the ion exchange process. The reason will also not foul.
You might also consider the use of a greensand filter approach.