I have read many posts by hobbyists and the claims of what potassium does to their coral. There are claims it effects reds, blues, greens, yellows, increases intensity.......etc. Claims of overdose also very significantly. Claims of under dosing vary significantly. Many hobbyists post they saw no or little effect from potassium. I personally don't see any common denominator in any effects that potassium has on coral from the many posts I have read.
Many of the claims come from hobbyists who use Zeo systems where hobbyists add other additives and micro-nutrients that are added at one time. This makes any effects from individual supplements very difficult to determine, plus there can be combination effects of all the supplements that are added at one time.
Personally I can find no scientific data at all regarding the effects of potassium on coral, yet the manufacturers claim that their scientific studies indicate it does have effects. Hobbyists' tanks are not much help as far as determining its effects, since their tanks and conditions can vary so much. Many hobbyists just dose potassium without measuring its level in the tank. How accurate hobby grade test kits may be is yet to be determined in my mind. Perhaps they can detect only 100 ppm differences, perhaps 50 ppm differences. I doubt the kits resolution is much better than say 50 ppm though. IIRC, when Randy tested the kit, he stated he felt confident that kit could detect 100 ppm differences and left it at that.
IMHO, this sounds more like the claims that were made by the old time snake oil salesmen, when there was no scientific basis for one to make proper judgment. Consumers back then, proclaimed these snake oils were the super cure & poured them down their children's throats. I guess I feel very apprehensive as to what I have read about potassium so far.