From what I have heard, the calcium monitors are very unreliable. I would go with test kits for that. Once you get Ca and Alk in range and have a feel for the requirements of your tank, you really don't need to measure it all that often.
Re controllers, This is from a post several months ago. In general things should still apply:
The low end of the controller market is around $300 for a setup (pH probe, temp probe, controller, bank of outlets). The main competitors in the $300 price range are:
1) AC Jr. (Neptune Systems)
2) ReefKeeper2 (Digital Aquatics)
3) Premium Aquatics Lighthouse (Premium Aquatics)
The AC Jr. is the most flexible, expandable, and customizable of the bunch. Here are some of the main points:
AC Jr.
Controls up to 12 channels (8 come with the basic setup)
Complex programming capability (multiple feed timers, multiple conditional statements)
Has a digital input (also if you get the serial port option) that allows you to connect things like a float switch to shut off pumps if the water level in the sump gets too low, or to use it to drive an auto topoff pump.
You can upgrade to a more advanced unit if you ever needed to.
RK2:
Looks cool.
controls 8 channels (max)
Lighthouse:
Plug and play webserver built in. Ethernet built in.
Only controls 4 channels
Will monitor orp in addition to ph
The AC Jr. with serial port, Lighthouse, and RK2 all cost right about the same ($299). I believe they all work pretty well. The AC Jr. has a bit more flexibility and functionality than the others.