I agree initial high dosing of organic carbon (pellets, etc) in a tank with high nutrients(N and P) runs a risk for bacterial blooms and oxygen depletion. Starting them in a tank where NO3 and PO4 have been reduced to lower ranges (say for example NO3 , 20ppm and PO4 < .25 ppm)and then using them to drop them further and maintain the lower levels may be a better strategy than starting with a large amount of pellets and high to very high N and P.
In my opinion you can overdose the pellets as you can any organic carbon source because of a potential harmful DOC(dissolved organic carbon ) buildup. Skimming and using gac help remove the extra DOC ultimately added to the tank when dosing.
The following post of mine is from another pellet thread in response to a question regarding N defficiency , the process by which the organic carbon added to the tank reduces N and P and wether sand beds influence the activity. Much of it is related to the question of potential cosequences of overdosing organic carbon :
Living things consume organic carbon(C),.phosphorous(P) and nitrogen(N) as food. Autotrophic (photosynthetic organisms) produce much of the inorganic carbon (sugar) they need.Some organisms like heterotrophic(non photosynthetic) bacteria rely on organic carbon .They also respire the O from NO3 freeing the N to form N2 gas when living in anaerobic conditions.
The Redfield ratio circa 1934, is a measure of the C:N

ratio in phytoplankton(106 parts C :16N;1P). Different organisms have different ratios but generally the Redfield ratio gives perspective on the relative amounts of CNP in marine organisms. Significantly more C than N and N than P.
Since photosynthetic organisms add C ,why is it necessary to add C via an organic carbon source to a reef tank with macro algae refugia and corals?
Surface ocean water contains; 0.7 to 1.1ppm DOC( dissolved organic carbon),about 0.2ppm NO3 and a scant 0.005ppm PO4. Reefs thrive at these levels.
As hobbyists we don't have a practical way to measure DOC but it is a nutrient with benefit and downside just like the other two. Organic carbon buildup does harm corals for example , perhaps due to effects on the coral's symbiont bacteria ,so exporting it is important.Tanks often have high PO4 and NO3 from the concentrated bio load prevalent in reef tanks and the associated waste decomposition. We know nuisance algae and cyanobacteria benefit from these.
The hypothesis regarding organic carbon dosing(carbohydrates, sugars, ethanol, acetic acid, etc) relies on the premise that more organic C will encourage more bacterial growth in the presence of N and P.The bacteria will consume the C and the N and P with it as well as respiring some NO3 thus limiting and reducing NO3 and PO4 by rendering or keeping N and P in organic forms( or nitrogen gas bubbles) exportable by skimming , granulated activated carbon ,purigen and other methods that remove organic materials.
While a nitrogen deficiency limiting to bacterial growth is possible with aggressive carbon dosing in an unfed tank, it is unlikely in most applications and can be remedied with a little extra food or amino acid dosing.
PO4 species of phosphate can be readily exported in the inorganic form via binders such as gfo without upping the nitrate and organic carbon to potentially harmful levels. So many use gfo or other methods along side organic carbon dosing to keep PO4 very low. Micro algae is limited by PO4 levels <0.03ppm.
Surface area for benthic bacteria to colonize such as found in sand beds can play a role in favoring anaerobic disgestion and NO3 consumption for respiration. Sand beds,particularly deep ones, carry a risk of organic carbon buildup in any anoxic areas in the bed. Organic carbon in an anoxic area favors sufate(SO4) reducing bacteria which produce toxic hydrogen sulfide as a by product of their activity .
Pellets are touted to rely on localized digestion on the pellets thereby minimizing the risks of dissolved organic carbon buildup in the water or substrate as compared to other methods of carbon dosing(vodka, vinegar ,sugar ,etc.) . However, the bacterial blooms etc . experienced by many using pellets may indicate otherwise . The pellets rely on carbohydrates which turn to monomers( sugars) which may cause difficulties if they get into the water column. So far users are doing well with them though.
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Tom