There are species that (presently) fall under the fair assessment of "sustainable harvest" and there are those that clearly do not. Of course, there are others that fall in between (our snails perhaps) and we error on the conservative side for them usually (limiting collections). Of the many things that skew this valuation, the burden of a given fishery must be considered.
(Over)collecting a given population of urchins, snails or other algae grazers, for example, has a far greater negative impact on the reef than (over)collecting a comparative population size of say...waspfish, or damsels.
Speaking further more to sustainable harvest, there is the very real issue of rates of replacement. Organisms like snails with high volume spawns have staggeringly poor rates of successful fertilization. Adding overcollection, or disease (like with the Florida urchins) to the equation and things can go from plentiful to endangered in less than 10 years.
And beyond all this, you are still missing my point : if you are truly an empathetic/conscientious aquarist... why would you want to take from a wild source (limited, however vast it may seem right now) when there are better, captively reproducable species available instead? It makes no sense to me. Rather insensitive.
And not upsetting to me at all, but rather illuminating to me just how ignorant (respectfully, as in "not knowing") you are on the actual industry and science of the aquarium hobby, is your statement that [we should perhaps be looking at shutting down the coral trade instead]. I just don't know where to begin here... so much to say/enlighten you with. I regret that I do not have the personal time for it.
Let me suggest you visit our free content website wetwebmedia.com where we have enormous archives of information that include business and science data on the aquarium trade that will help you gain a better understanding for how things work.
Conside this though: go to a given patch of reef and collect all of the urchins, snails, anemones and staghorn acropora... then come back 6 and 12 months later and see who recovers. Only one will impress you (the staghorn corals... fast regrowth as if nothing happend)... some will concern you (urchins and snails remarkably slow to recover)... and one will be painfully sobering to you (many years later... still no anemones). Its all about sustainable harvest.
Best of luck in life to you... I'l get back to work trying to finish volume 2 of our NMA series for conscientious aquarists

I do hope you count yourself as one of them, my friend.
kindly,
Anthony