(edit: there's a tl;dr summary at the bottom

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Heh...just did a search on Seachem Stability and this thread was one of the first that came up for me, so I guess I'll just bump it with my new questions.
If you read this thread you saw me put two senegal bichirs and 2 mystery snails into my uncycled 65gallon tank with sand some rocks and a fake cave. First things first: The tank now has no fish in it, I decided this was just a terrible thing to do to those fish so I put them back in the 20gal where they are healthy and happy (and very young, so as to fit in the 20gal).
Now, on the 65 gallon I'm running a Rena XP3 with pre-filter media, 20 & 30ppi pads, a lot of ceramic rings, a used filter pad from my established 20gal and a polishing pad. I've got the water set around 85*F and I've dosed the tank with pure ammonia, its sitting around 4ppm.
I had over-dosed the tank so it was off the charts and had been staying that way for days, but we decided to get a stand for the 20gal & take it off the kitchen bar, so both tanks ended up moving. Of course in the process I drained all the water and decided to just start with fresh water. That was monday night (2 nights ago). I've been adding MicroBacter to the tank to help establish the bacteria, there is some (small amount of) waste/food left over from when I did have snails & fish in there.
I've only been measuring the ammonia level waiting for it to drop. Rather than wasting my test kit on nitrites & nitrates I figure I might as well just wait for the ammonia to stop dropping, then test the nitrites, wait for that to start dropping and test the nitrates, then test it all for correct levels...seem sane?
So here's my main question. How well does Seachem Stability work? Has anybody tried & trusted it? If I pick up a bottle, could I start dosing the tank with stability without worrying about the extra ammonia thats already there? If I do this, Stability says on the bottle to use it for 7 days (with fish) to fully cycle a tank...so after 7 days would I be able to check for good levels and add fish?
TL;DR? Does anybody trust Seachem Stability, does it work like it says it does, will it work WITHOUT fish (bottle says with fish) and will it work with a tank already dosed with ammonia in the beginning stages of a cycle.