Well guys sorry but as i said i dont know much about Ncloth so help me out a bit plz
take 1 hero chain link: you mean make 1 link that you will duplicate later on ?
make sim geo to represent it= what do you mean by this?
make 1 poly face with probably around 15-20 edges where the edges are in the center of the hero link = I totaly dont understand anything what you say here?
ie, an n-sided face with no internal edges
now duplicate a few times and arrange them to make you chain= I get this part 
the faces will intersect, use wireframe view it should look more like a chain (made of wire)
combine them all into 1 mesh.= know how
make cloth.= know how
set self collision to “vertex edge”.= know how
increase “self collision milti” to thickness of your hero geo
now display the self collisions, there should be no intersections.
hopefully that makes sense, I dont have anything to draw that here…