I doubt that there would be any ill effects to running the nanostream on a 30g tank, as the flow is pretty wide and its only about 600 or so gph. The softies may not like it at first, but with acclimation to the flow, will not have problems. Like I've said before, I have a mag 5 return (250 gph with head loss), a seio M620 (600 gph), and a maxi-jet 1200 (295gph) all in my 30gallon cube, and it isn't even that tumultuous. The softies, and lps are all doing great, and my sps seems to do better and better the more flow that I add.
I am going to put a wavemaker on the mj1200 though soon to add some random flow for the tank. I think one of the biggest misconceptions when it comes to mixed reef style tanks is that it is very easy to get "too much flow" for softies. Sure, if it is a big change at first they will not like it, but will become acclimated to it fairly quickly. My softies are still reproducing like nobody's business, and my fish love the flow.