I am tagging along so that I can learn what the best points are for nutrients because I use to run zero for both phosphate and nitrates but I don't think that is a good idea any more.
While reading the thread, I saw that a few people didn't understand how Phosphate (P) could go down when Nitrate (P) goes up. I don't understand most of the mechanisms that are at play in the tank but I thought that I would offer a pruned down version of an explanation that might help.
People have been dosing nitrates for a little while now and if you search around this site you will see threads that address this, sometimes for different reasons. This is one example where they dose nitrates specifically to reduce phosphates.
http://www.reefcentral.com/forums/showthread.php?t=2210947&highlight=dosing+nitrate&page=28
Algae removes both N and P in a ratio (the Redfield Ratio) that is comparatively balanced with what we add to the tank. Bacteria seems to work better on N than P. Both algae and/or bacteria can be nitrate limited when N is too low. Neither can do their job of consumption efficiently, when N or P is limited. N is more likely to be the limiting factor in our tanks than P.
If you dose N, then algae and/or bacteria is not suppressed and they can go to work. If you have macro and dose N, you may see that is starts to grow faster. With a little more N, you might see algae grow fast enough to start addressing your phosphates and they may come down. The same idea is true of bacteria.
That's why some people that dose vodka have different results, depending on what is in their tank and where there nutrient levels are. If N and P are both high; they may will come down nicely for a while until N become scarce. Then the Macro algae stops working but the bacteria keep going, driving the N lower but not lowering the Phosphate. Eventually the bacteria also becomes limited and it begins to starve. The bacteria that is left keep the N down but the P begins to rise. And then it's time for GFO or a dose of nitrates. Poison becomes food or in other works nutrients becomes nutrition.