Okay, did a quick look into Hawaiian black by caribsea. The only issues I found were red algae. Only place I saw fish deaths mentioned was when people used Tahiti moon. From the way the complaints read it sounds like either the people didn't cycle their tanks before adding fish or added all new sand to an existing tank with very little biofilm.
Some people complained because the black Hawaiian isn't aragonite, but basalt, i.e. the type of sand found around volcanic islands. I have not found any thing with substantial evidence of actual issues. I also use Fiji live rock in my system while lots of people use manmade rock or mined rock. The biofiltration offered by live rock is usually good enough it supports a tank with no sand.
I am truly interested in seeing information about Hawaiian black causing issues. As for the ICP test, does it differentiate inert metals from non inert? Is there an explanation anywhere as to why this substrate is unhealthy for corals? I'm not worried about the magnet part. My new tank is acrylic so I won't be cleaning it with anything but a sponge. My last tank already had horrific scratches so I didn't really have it as a priority. But this tank is new and acrylic so I'll be extra careful. Another reason why I like the black, I can see it better than the white if it's stuck on what I'm cleaning with.
I've seen the black sand used in LFS and I've seen white sand used (and later removed) as well.
I'll keep looking but any particular article references would be great. Thanks