The realtionship between alkainity and pH is not that direct at variable CO2 levels as they occur in a reef tank. CO2 drives the pH but does not affect total alkalinity.
CO2 is often higher or sometimes lower in the water of a reef tank than standard athmospheric levels( around 400ppm).
The CO2 level in the water at a given point in time depends on a number of things including: the CO2 level in the air around the tank ,the rate of gas exchange via surface agitation/aeration, CO2 production by bacteria and other respiring organisms, CO2 reduction via photosynthesis.
The amount of CO2 in the water changes the pH but not the total alkalinity There are plenty of tanks with pH 8.4 with low alkainity and plenty with high alkainity and low pH.