I voted other.
My tank has a 60 gallon water capacity.
I remove exactly 1 gallon every day while siphoning out the poop and detritus out of my BB. I then add exactly 1 gallon of "new" water, plus about a cup of fresh top-off water when needed. (I keep my salinity at 1.024 exactly).
In one month that equals 30 gallons which a 50% water change, but because it is done daily it equals about a 43% water change per month.
In addition, once a week (Sundays) I add a carbon filter to my over flow, "blow-off" my live rock, clean the glass, and change 12 gallons with is an additional 20% water change each week. I remove the carbon filter pad 24 hours later.
I keep a Rubbermaid with 10 to 30 gallons of "new" water aerating and heated to the same temp as my tank 24/7 (the container is cleaned and changed once a month).
I do all of this because:
1) The daily water changes only take 10 minutes
2) Daily water changes are the least stressful way to do a water change IMO.
3) I have no skimmer - yet- now I'm a human skimmer
4) I can see the entire day's poop in one spot of my BB - I can even tell which poop comes from what fish or snail - I feel much better knowing I'm getting the nitrates, phosphates, and other organics. BEFORE they breakdown into the water. (A skimmer deals with those organics AFTER it breaks down.)
5)) I used to have a 1 inch layer of sand, then a DSB and with both my Nitrates and Phosphates were always crazy high until a when BB - now they are close to 0 if not 0 (I need some new low range kits on my next trip to the LF).
4) I have clams and plan to have SPS
I will probably faze out the weekly water changes once the tank is mostly stocked and keep the daily changes to maintain the best stability.