...My read is, that once stable, I can use such a drop in ORP as an indication of an NH4 spike. ...
Also, in a 4 week old tank, it is waaaaaaayyyyyyy too early to even expect meaningful results. I wouldn't expect any consistant readings for several months.
And in addition to that, now that I think of it, I've found a new ORP probe can often take 1-2 weeks before it gives consistant readings. I bet over the next week, you'll see that number slowly rise. Once it starts rising and falling opposite of your pH values, you can assume it's finally a valid number.
But as David mentions, even with a valid number, it doesn't tell you much. Unless you're running ozone, you should just figure out what your tank's "normal" ORP reading is, and then watch for major variations from that. Any major variation (assuming a mature, stable tank) should make you check around to see if there might be something wrong.
Based on Apex instructions the ORP probe does not need to be calibrated. Where are you at in your cycle?
I stuck my ORP probe in the day after adding live rock. Spent a week around 180, then began slowly climbing over the last two weeks. I am sitting between 300 and 320 now--three weeks after the rock was added. ORP really started to climb when my NH4 disappeared but I am still getting trace NO2. pH sat around 7.8 (down to 7.6 at one point) but has climbed to 8.2 now.
My point is that the reason for the off value is most likely that your tank is in a state of flux as bacterial/algal/planktonic populations battle for "equilibrium". My reasoning for the low ORP value is that there is a lot of rot going on and not enough critters yet to process--hence throwing the oxidation-reduction potential of the water all out of whack.
ORP seems sensitive too. When I added my CUC last week ORP dove from 315 to 250 then back up w/in an hour. My read is, that once stable, I can use such a drop in ORP as an indication of an NH4 spike. Other than that, I just have it for giggles (side effect of being a hard science guy I guess).
Not really. I mean... it *could* mean an ammonia spike, but it could also mean a thousand other things. All a sudden drop in ORP means is that something changed.