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Formula Help trying to combine IFERROR with reference and a "then"

Im trying to amend this formula.

The formula (below) works and references a cell in another sheet and displays the color ball entered in that sheet.

=IFERROR(INDEX({CS - Health}, MATCH([Project Key]@row, {CS - Project Key}, 0)), "")

I want to add a condition that says if the reference cell in the other sheet is empty, my sheet should display a "Gray" ball

OR another option would be that if the % Complete column (to the left in row) is =0% the ball is gray

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