I tried for ages to find a way to do exactly what you propose, but after mucho researcho and advice from Toddy, amongst others, I had to give it up. The first reason is that wool needs to be died with an acid dye and the van dyke crystalls are apparently not the correct Ph for this; Toddy also wrote an explanation of the difference between a dye and a stain which I'd have to search out before I could explain it but the van dyke crystalls are a stain and therefore would not penetrate the fibres of the wool, but sit around them and therefore wear off the fabric in use - they would also be very messy to use in the quantity required to dye two whole blankets.
I got around it by using Dylon acid dye in a plastic dustbin, it took about £25 rat's worth of the stuff to get a decent OG colour and a good few Kilos of salt and was a good 8 hours work with all the mixing, soaking, rinsing and squeezing dry, but I'm very pleased with the results - I ran my blanket through the w/machine @ 60 degrees and it semi-felted, then after dyeing I re-lanolised it and it's now awaiting it's turn to be made into what I think'll be a great piece of clothing................Quite a bit of work, but a great piece of weatherproof wool at the end of it all, so I think well worth the effort. Hope this is of use to you,..............atb mac