Hey reefcats,
That is very interesting. Could you post a picture of this algae by any chance? Coralline algae are usually climax species that thrive in reef tanks with good lighting, pristine water, and high calcium. I doubt you would like to "dirty up" your water or decrease your lighting. What kind of lighting do you have? Do you test your water? What are the results of those tests? I know there are some urchins and gastropods that eat coralline algae but I am not familiar with any specific genera that would be useful. Some people, including myself, might be interested to have some of this interesting coralline growing in their tank but I wouldn't want it to be competiting with corals for space.
Kevin