I don't think you actually did the numbers ... the cost of the sulfuric acid is pretty much negligible.
With prod 3 modules the productivity increase is about 86.57%.
I compared the two processes with helmod. Ignore the energy consumption and factory count, I just used prod 3, no other modules or beacons. Just focus on the material cost.
Here is what I got:
Normal process:
Enriched process:
I used matter as a source for the oil just to give you a comparison of how much the oil is worth in iron ore.