Yes, a refugium will help with fluctuating pH. However, gas exchange by your skimmer, overflow and good surface agitation would be the most effective way to blow off CO2.
To the OP, if you think you'll enjoy growing macro algae then go for it. However, here are some things to consider.
As mentioned it can help with pH fluctuations from day and night. But, don't fall in the trap of being too concerned with pH. Yes, it's important, but I believe many people put too much emphasis on it and as long as you're within a good range 7.8-8.3 you'll be fine. When I was learning early on I felt like everyone made such a huge deal about pH when in fact Alkalinity is probably the most important perameter. And pH is directly tied to Alkalinity. Read
this.
Macro algae can also be a detriment to your tank. Certain algae can go sexual and over run your display. Some algae also produces coral killing chemicals. Read
this
In terms of nutrient export, a refugium is actually counterproductive. Aside from the other benefits of a sump, it's main purpose is for nutrient export. Where we send our water to get cleaned. So to setup an area with algae, sand and live rock, you are providing a place for detritus to accumulate and produce ammonia, nitrites and ultimately nitrates. Your sump should be the cleanest place in the system.
As for pod production, they produce waste also. So here again you're creating an area for more detritus to accumulate and add nutrients to the water. As mentioned a simple seperate pod culture would be the most effective way. Pods like dirty green water, so give it to them. But remember they produce waste and water changes will be necessary.
One other thing to consider is you are making a commitment to your tank and that commitment is going to require a lot of time. A refugium will consume more time. Time that you may not always have. So my advice is to keep things simple. Set up the system in such a way that makes maintenance very easy for you. If it's not easy then you're less likely to do it.