2 part is probably your best bet.......it's easy to use and you need only test alkalinity and calcium. That will keep your tank growing. If you have problems with coloration, a shot of coral vite every couple weeks should help.
All I really dose in my LPS tank is kent superbuffer dKH for alk, and calcium chloride for calcium......I use purple up once a week and kent coral vite once every other week.....that keeps trace amounts of potassium, iodine, strontium, magnesium in the system and encourages coraline growth. Using a salt for reef tanks like reef crystals or red sea coral pro will help to replenish trace elements. Every now and agin, I'll test the iodine, potassium, magnesium, strontium.....maybe every couple months, just to make sure they are in the ballpark
The LPS tank is a 46g. My SPS tank is a different story. I monitor all those levels seperately. I have a few corals in there that need close to perfect levels to thrive.
On the other hand.......it is possible to maintain a tank with just water changes. I've let my 75G go months on end with no additives, and an occasional water change. The growth slowed, coraline died off, and the colors didn't pop like usual......but everything stayed alive and still grew....albeit slowly.
I successfully kept a reef tank for a number of years only testing for ALK, CAL, PH, and spec. gravity. I did use something of a 2 part regime, which I suppose kept trace elements from becoming deficient. Since I started really keeping track of the levels, my growth and coloration is amazing!
Optimum levels doesn't necessarily mean essential levels. Little kids in starving third world countries still grow up, but they'd look a lot better if they ate good meals and popped a few vitamins....
I'm hungry.......just thought I'd share :-D
~D