In excited molecules, the interaction between the covalent Rydberg and ion-pair channels forms a unique class of excited Rydberg states, in which the infinite manifold of vibrational levels are the equivalent of atomic Rydberg states with a heavy electron mass. Production of the ion pair states usually requires excitation through one or several interacting Rydberg states; these interacting channels are pathways for loss of flux, diminishing the rate of ion pair production. Here, we develop an analytical, asymptotic charge transfer model for the interaction between ultracold Rydberg molecular states, and employ this method to demonstrate the utility of off-resonant field control over the ion pair formation, with near unity efficiency.