There are some corrections that cannot be made any way other than a water change, and that assumes you could test for and supplement anything potentially needed, which you cannot, or export anything that builds up undesirably, which you cannot.
I discuss water changes here:
Water Changes in Reef Aquaria
http://reefkeeping.com/issues/2005-10/rhf/index.php
from it:
Conclusion
Water changes are a good way to help control certain processes that serve to drive reef aquarium water away from its starting purity. Some things build up in certain situations (organics, certain metals, sodium, chloride, nitrate, phosphate, sulfate, etc.), and some things become depleted (calcium, magnesium, alkalinity, strontium, silica, etc.). Water changes can serve to help correct these imbalances, and in some cases may be the best way to deal with them. Water changes of 15-30% per month (whether carried out once a month, daily or continuously) have been shown in the graphs above to be useful in moderating the drift of these different seawater components from starting levels. For most reef aquaria, I recommend such changes as good aquarium husbandry. In general, the more the better, if carried out appropriately, and if the new salt water is of appropriate quality.
Calcium and alkalinity, being rapidly depleted in most reef aquaria, are not well controlled, or even significantly impacted by such small water changes. In order to maintain them with no other supplements, changes on the order of 30-50% PER DAY would be required. Nevertheless, that option may still be a good choice for very small aquaria, especially if the changes are slow and automatic.