I do have a nem only tank, besides the zoas in there lol. I test everything excluding ammonia, ph and nitrites.
I have noticed that alk is important to test, but it does not have to be tested as much as an sps tank for example. Alk is still important to nems, as a very very low alk throws ph and other things way off. Same if it gets way too high. As for a range I have nems in a 7.2 tank and a 13 tank. You wouldn’t know the difference in them. So I think stability is better than a set number. Even in a 100% nem only tank, alk can be used. Coralline, snails making shells, all that stuff can consume alk. It is at a low rate usually, but a loaded back glass of coralline can use a noticeable amount.
PH is very important as well and needs to be kept stable. I have seen nems thrive in 7.6 and 8.4 tanks. Stability is key from my experience. In the beginning of a tank being setup, I test PH. After it get a good consistent base line I stop testing. I do start up testing again when seasons change of the tank has not been through that season. Same with holidays and family gatherings. More people means more co2. The great thing is, if you have another tank and it has been tested for PH, usually you can use that tank to gauge what kind of change you should see in the new tank. Granted it won’t be exact as all tanks have a different rate of gas exchange, but you can get close.
In short, I have every readily available nem and some rarer ones in at least one of my tanks and I have a thriving nem only tank. It would worry me to death if I did not know the below parameters for any of those tanks and even the nem tank.
SG
Alk
NO3 (too high and nems don’t like it, plus algae)
PO4 (same as NO3, except I have seen high PO4 tanks support nems long term, it more algae issues)
PH (until I know how the tank reacts)
Calcium (if it starts dropping, something is consuming alk)
MG (nems do use this)
I do not test iodine, but it gets dosed occasionally. Nems use this a little as well. I just use the zoas for a gauge on it. If they look a little off and everything testing wise is good, I dose a little and they perk back up. Nems have never reacted like the zoas, but it is a trace they use.
Now I do not do very many water changes, so some of the above items may not even need to be worried about, if you do scheduled water changes to replenish those lightly used elements. Some of my trace elements do get lightly replenished with brine water added to keep the SG right due to skim mate containing salt.
But the biggest thing is stability and decent parameters. They all tie together in some way, so my opinion is to just keep them all in acceptable ranges.