There are so many things in pond water that I'm sure some people are allergic or affected to some of those components. I've gotten skin problems from a number of things including scratching plants (rice cut grass especially slices me up if I touch it), aphids biting me, and terrestrial caterpillars that have long fuzzy hairs that inject you with venom.
You can certainly still add submerged plants but the algae will probably not be effected too much this late in the year.
Your pond depth should be ok if the pond had the de-icer but I'm only guessing. My pond is a little deeper in Zone 6/7 so it will be tougher for your pond.
My pond algae page -
http://www.fishpondinfo.com/algae2.htmMy winterizing page -
http://www.fishpondinfo.com/winter.htmGood luck!