Yeah, I mentioned that situation in another thread that was discussing fish health and vitamins, but it may not have been obvious.
As you stated, food and medicine work in both the main tank and the iso tank when they are used.
Chemicals (the liquids that occupy slot number 3: vitamins, growth hormone, and unknown chemical) will affect
only the fish that are swimming in the main tank. You can use that situation to your advantage, if there is a fish that you don't want to be affected by the chemical.
