There was a paper that gets discussed around here a decent amount that at least resolves your paradox. Under higher Phosphate, the coral grew faster but the calcification was less dense.
Effects of phosphate on growth and skeletal density in the scleractinian coral Acropora muricata: A controlled experimental approach
"Acropora muricata were sub-divided and distributed among three 110-L aquaria, and exposed to phosphate levels of 0.09, 0.20, and 0.50 mg L− 1 for four months. Total skeletal length, living tissue length, weight, branch production, and polyp extension were measured. Linear extension and tissue growth increased under all conditions.
Growth rates were highest at a phosphate concentration of 0.50 mg L− 1. Weight increased through time, graded from low to high with phosphate concentration. Density decreased through time, and was significantly lowest in the high phosphate treatment. Phosphate concentration produced no visible effects of stress on the corals, as indicated by polyp extension and lack of mortality.
It is suggested that the phosphate enhanced growth was due to increased zooxanthellar populations and photosynthetic production within the coral. Skeletal density reduction may be due to phosphate binding at the calcifying surface and the creation of a porous and structurally weaker calcium carbonate/calcium phosphate skeleton. Increased phosphate concentrations, often characteristic of eutrophic conditions, caused increased coral growth but also a more brittle skeleton."
For a hypothetical grow-out contest you don't care about skeletal density, you'd want weight and linear growth from higher PO4.
For long term health, you might want something different - or maybe not. That wasn't evaluated in the paper.