Skip, I think you're confusing him even more than he was to begin with.
OP - yes, an ND filter will give you the effect of shooting at a lower ISO setting without a filter.
And no, I don't consider multicoating as important on ND filters (especially 3 stop or more) as it is on regular filters. Here's why - Lens flare and reflection is a problem because the light is reflected off the internal surfaces of the lens or filter. If you have an uncoated UV filter, something around 5-8% of the light entering the filter will be internally reflected and contributes to flare, loss of contrast, and ghosting. Multicoating reduces this to as little as 0.5% on the best filters. Now if you have a 3 stop, uncoated, ND filter, only about 1/8 of the incoming light is passed through (and the internal reflection from the back of the filter is reduced accordingly). And most of the damage from flare is due to multiple internal reflections within a lens element or filter, but with 3 stop ND, every internal reflection is going to be weakened by that same 3 stops of attenuation.
As for getting multiple NDs, both your 17-55 and 70-200 take the same filter size; unless you plan on shooting both with ND filters at the same time, I wouldn't bother getting separate filters for each. Since the 85 takes a 58 mm, I'd get a separate one for it, just to avoid the hassles of a 58-77 mm step-up ring hanging off the front of it. I do have multiple 77 mm polarizers for my 24-70, 70-200 and 100-400 because I don't want to have to change filters when I change lenses and with multiple bodies I usually want a polarizer for each lens in use, so I don't have to change filters every time I change the lens in use. But I only have one set of ND grads for the whole lot.