the seneye measures Ammonia (NH3) which is the toxic compound. The seneye also Calculates (not measures) the Ammonium (NH4) in the tank, based on your Ammonia / O2 / pH.
Within your reef tank, Ammonia freely gains and loses an extra Hydrogen ion, so the Ammonia changes to Ammonium and back to Ammonia many many times, depending on your pH and availability of free Hydrogen ions.
Ammonium is useful to know, as it will indicate how much Ammonia potential your reef tank currently has.
Normal healthy tanks I think will normally be registering about 8ppb (0.008 ppm) NH4 to zero NH3. depending on pH and Co2 in your water.