In terms of algae growth, the absolute value of the phosphate doesn't matter as much as the flux of phosphate into the algae. A lot of rapidly growing algae will suck up phosphate just like growing macroalgae or an ATS are intended to do.
FWIW, many algae do not become phosphate limited until the phosphate is below 0.03 ppm. So depending on how well you can read 0.01, 0.02 and 0.03 ppm, the kit may not be adequate if the goal is to determine if the phosphate is limiting the growth or not.