JLNJ, rather an interesting situation. I believe you are entirely correct on the intent of that section, based on this:
"Second, because the final rule requires that all stair rail systems installed on or after the effective date, which is January 17, 2017, must be at least 42 inches in height, final paragraph (f)(1)(iii)(A) is only applicable to stair rail systems installed before the effective date."
However, I have my doubts as to whether people just reading the regulation itself would ever deduce that was the intent. For example, in looking back through that, I see that there is even a nice diagram showing that 36" to 38" stair railing height.
I'm half tempted to submit that request for interpretation now. I'd guess it's about 50/50 whether the interpretation would contradict the stated intent!