Hi, Llama-
8.4 DKH is fine for alk, though some like to run it a bit higher. For your tank as long as it is pretty stable I would say it's a great value.
Re the calcium, I see one thing right off the bat that is a huge pet peeve of mine. Neither the LFS nor the package directions can have any idea what amount of supplement you need. They have no idea in the world what your current value is, what your water volume is, and what your target is. The ONLY way to know is to test with a reliable kit, then use a calculator for your particular supplement to judge how much you should add. I like
http://jdieck1.home.comcast.net/~jdieck1/chemcalc.html , to calculate simply test then follow the directions for your particular supplement. Make sure you calculate the water volume for displacement, depending on how much LR and sand you have.
Any of the calcium chloride based supplements will work, how well they work depends on the supplement. I like the dry ones, you get much more bang for your buck. Using a diluted liquid supplement will usually take ALOT to effect a significant change, for example to raise 75 gallons from 240 ppm to 400 ppm using Kent liquid calcium would take- 454.2 ml; 15.3 fl oz; 90.8 tsp. That is probably about a whole bottle? With 4 capfulls you are probably not even keeping up with demand, much less increasing the value.
From your post it is my feeling that mag is probably not the problem, rather that you aren't supplementing enough relative to demand. Good to check mag though.
In short, never add a suplement blindly unless it is a balanced slow addition such as kalkwasser.
Many soft corals use calcium to grow sclerites that support their tissues. Most branching softies, sarcophytons, gorgonians and others need calcium to thrive long term. In addition, snails, some macro algaes and all calcareous algaes need ample amounts. You will see better growth with many softies if the calcium is correct.
I would start out with weekly testing of ca and alk and then use the calculator to determine what amount of supplementation is right for your tank. Once you have a good handle on the amounts, you can then test every other week and after every water change.
Good luck!