I'm not sure that the iron gall ink would have been very lightfast either: last spring I did an informal¹ light resistance test on a number of fountain pen and calligraphy inks and all of the iron gall ones paled significantly into a light brown; they are still somewhat readable, but not necessarily easily.
None of them were pure iron gall inks, they all had blue or in one case purple dye added, and two out of three were even fountain pen safe, but it would be enough for me to want to test it before committing to its use in a place where light fastness is required.
¹ I had no blue wool for comparison, I just left the partially covered samples on a south-east facing window for 3 months to get a yes-no answer
I've used iron gall ink for our doorbell label a few years ago, and yes, it did fade quite a bit over time. It was pretty lightfast, though - although I am not sure how it would compare to a modern ink. Mine was pure iron gall, no extra colour added.
Your informal test is more or less the rule, by the way - most lightfastness tests, unless there's a real need for calibration or a reference, are done without a blue card. (One of the reasons for this is that you have to get a blue card first, and they cost a bit more than a few cents.) I remember a colleague of mine doing a similar test like you did for inks used in archaeological drawings - he wanted to make sure that there would be no untoward fading.
From my doorbell label experiences, I would assume the iron gall ink to hold out until the exhibition is over without fading too badly. The pencil, however, that I was really sure about!