Correct about the medication period being based on when you observe the disease/parasite issue.
Personally, I'd recommend considering ocean-direct live rock for introduction of coralline algae as well as the significant added benefits toward system stability. It is well worth the investment in my opinion even if it is not how you get all of your rock. I ordered live sand along with an order for live rock from Gulf Live Rock, and the live sand was mostly crushed coral including some larger pieces. Most of the sand chunks were covered in coralline algae and are probably better sources than the helix bottled product. The primary thing needed for coralline algae, though, is proper water parameters and stability. I added purple helix bottles to my first 75-gallon tank and never got results, probably due to water parameters being off due to the low maintenance on my essentially-FishOnlyWithLiveRock system while I was new to the hobby.
I have never quarantined fish for observation anywhere near 72 days. I think most disease shows up within the first week or two after arrival. The duration of observation and quarantine in general depends on how much risk you are willing to take. It is best for new fish to be moved less frequently and not medicated unless necessary, so sooner is better for the fish to be moved to the final system, but if you already have significant livestock in your tank that would all be at risk with new introductions, more caution is preferable. It really is a personal decision how long you observe before taking the risk with introduction to your main system, but I would recommend around 3-4 weeks minimum if it is easy enough to keep your QT running. Due to a sizeable area in my basement dedicated as a fish room, I will probably have at least one available observational QT and one hospital tank for medication if necessary for the predictable future.
If the system has enough established nitrifying bacteria, a 10g QT can hold a fair number of fish without damage from ammonia, but I don't think it takes long in a new sterile system for the fish to generate enough ammonia to be harmful, even lethal. Some might take the risk, but I personally would not trust only water changes to eliminate ammonia. Adding a large sponge filter with established bacteria has worked for me to not have ammonia issues in my QT's. My experience is limited and only anecdotal right now, but I came to my conclusions for methodology from others with much more experience than me.