Lissnr, I would suggest you consult an electrician. Isolated grounds are a little more complicated than what you outline above. Perhaps you left some things out for brevity.
With an isolated ground, you typically run the white wire from the silver screw on the receptacle to the neutral bus bar at the panel. You run the black wire from the brass screw on the receptacle to a GFCI breaker at the panel. You code the red wire green and run it from the green screw on the receptacle to the grounding bus bar on the panel. The bare copper wire goes from the grounding screw in the receptacle box to the grounding bus bar on the panel.
An isolated ground receptacle does not need a separate isolated gorunding bar. It uses the grounding bar in the panel. It's just that the isolated ground receptacle does not share a common grounding path back to the ground.
With an isolated ground, you typically run the white wire from the silver screw on the receptacle to the neutral bus bar at the panel. You run the black wire from the brass screw on the receptacle to a GFCI breaker at the panel. You code the red wire green and run it from the green screw on the receptacle to the grounding bus bar on the panel. The bare copper wire goes from the grounding screw in the receptacle box to the grounding bus bar on the panel.
An isolated ground receptacle does not need a separate isolated gorunding bar. It uses the grounding bar in the panel. It's just that the isolated ground receptacle does not share a common grounding path back to the ground.