I've been running an intellichem system with an IC-40 for about 9 months now and establishing a reliable relationship between FC and ORP has been an ongoing battle. WHEN STABLE I typically see an ORP of around 620 at night and 580 in full sun. The FC will be around 6-7PPM. This is with a CYA level of 30.
But here's the rub, ORP is so sensitive to other things. pH for example - if you're not controlling pH to +/- .1 max, your ORP will vary so much with pH you'll never correlate it to FC. I can see when my intellichem injects acid into the pool. ORP will rise as pH drops from about 7.55 to 7.45.
There areother redox couples in pool water besides just the HOCL/CL. The ORP sensor can only measure the total redox state.
The H2/H+ redox couple is a big problem. The IC-40 makes H2 during its operation. A small amount of this H2 dissolves in the water, very small, but it turns out even a very small amount of dissolved H2 in water lowers ORP a lot. So in my pool the harder I drive the IC-40, the more hydrogen generation and the ORP can actually go down into the 400s. I'd still love to know why my pool seems so sensitive to this where others do not report this phenomenon so much. When I turn of the IC-40, ORP will RISE significantly over the next few hours.
I've had to find the right duty cycle for the cell in order to balance enough FC generation without overproducing H2. This means I cannot use ORP setpoint to control FC.
All that said, I've never seen ORP as low as 125. Have you noticed ORP falling with the IC-60 on and recovering with it off? Could your probe be defective? There's no real calibration process for an ORP sensor, but cleanliness is important as any crude on the probe will either slow down the response of the probe or if it affects the local redox state, will not represent the actual pools waters ORP.
ORP isn't valueless. If you have established a stable system, a crash in ORP will tell you when something has gone askew.