I think you did a good job explaining how chlorophyll is similar to hemoglobin. The main difference between the two is chlorophyll uses chlorin which is bound to Mg, vs hemoglobin is heme bound to Fe. Heme and chlorin are structurally similar and perform similar functions, so I think that the analogy holds. In fact you see this same metal core structure being conserved and shows up in other organisms like horseshoe crabs. Horseshoe crabs use copper as its metal core instead of iron. This makes its blood green, if we used copper instead of iron we would also have green blood.
Funny thing that you posted this because there was an interesting article today:
http://www.msnbc.msn.com/id/38754192/from/toolbarIt talks about how in aspen trees, there is decreased sexual reproductive success the more that these plants are cloned. I wonder if this holds true for hibiscus. If as you continue to take cuttings of good seed setters, eventually they no longer set seed. Going back to this, perhaps a variety whose clones do not set seed, trying the original seedling plant would set seed. Do you usually keep the original seedling plants?