Oldsaltman, that's not how it works. If you just read my explanation before it would make sense. If you want the heaters to come on when the tank gets to 77, you could make a set point of 78 with a 1 degree down differential. This means the controller will allow the temp to drop to 77, then turn on the heaters. THE HEATERS WILL STAY ON UNTIL THE TEMP GETS BACK TO 78. This is the key. The object being controlled has to have a start point and end point. So, that's half the battle. At this point, if I really wanted only a total of 1 degree fluctuation I could give my chiller a set point of 77 with a 1 degree up differential. This would allow the chiller to come on as soon as the tank temp hits 78, and stay on until it gets back to 77. Herein lies the problem. Yes, I'm now keeping my tank within a 1 degree range. But, the chiller and heaters constantly fight each other. Say, the tank temp drops to 77, then my heaters come on. Great! And, they stay on until the tank hits 78 like they're supposed to and then go off. Great! But now my tank temp is 78, so my chiller comes on to cool the tank back to 77. It goes down to 77 like it's supposed to, but now my heaters are going to come back on immediately. It's a constant cycle.
The only reasonable way to set a controller like this is to use a total 2 degree differential or more. Midpoint 78, heaters set to come on at 77 and go off at 78; chiller set to come on at 79 and go off at 78. This way, as long as I'm between 77 and 79 nothing is on, unless something is already trying to get back to the midpoint. But, once the midpoint is reached, everything stays off until I stray outside that range again.
Now, with a full controller like a ReefKeeper or a AquaController, you get temp readings in the 1/10 degree range, so you can keep the temp much closer. But, the programming is still identical, just reduced by a power of 10. So, I could keep the temp within a 0.2 degree range and nothing would ever be on at the same time. If I tried to keep a 0.1 degree temp range I'd end up with the same problem I had setting the Ranco or Pinpoint for a 1 degree range, a constant battle between chiller and heaters. Now, realistically you'd never want to keep a 0.2 degree range even though you could do it, because you'd still end up with a lot of unnecessary back and forth plus a lot of cycling on and off.
Bottom line, a two degree range is entirely sufficient for our tanks and the health of the inhabitants. So, even if you have the capability with a full controller, it's not worth the extra energy resulting from trying to keep the tank temp within such a tight range.
GT3000XX, thanks for the backup, and you're right as well. The settings I'm suggesting would leave you with an average of 78 degrees.