We announce a new facility in the spectral code CLOUDY that enables tracking the evolution of a cooling parcel of gas with time. For gas cooling from temperatures relevant to galaxy clusters, earlier calculations estimated the [Fe XIV] {lambda}5303 / [Fe X] {lambda}6375 luminosity ratio, a critical diagnostic of a cooling plasma, to slightly less than unity. By contrast, our calculations predict a ratio ~3. We revisit recent optical coronal line observations along the X-ray cool arc around NGC 4696 by Canning et al. (2011), which detected [Fe X] {lambda}6375, but not [Fe XIV] {lambda}5303. We show that these observations are not consistent with predictions of cooling flow models. Differential extinction could in principle account for the observations, but it requires extinction levels (A_V > 3.625) incompatible with previous observations. The non-detection of [Fe XIV] implies a temperature ceiling of 2.1 million K. Assuming cylindrical geometry and transonic turbulent pressure support, we estimate the gas mass at ~1 million solar masses. The coronal gas is cooling isochorically. We propose that the coronal gas has not condensed out of the intracluster medium, but instead is the conductive or mixing interface between the X-ray plume and the optical filaments. We present a number of emission lines that may be pursued to test this hypothesis and constrain the amount of intermediate temperature gas in the system.