OK so really the key is stability.
Stability really is key.
It's an understatement to say that corals are adaptable. But they take time to adapt, and their capacity is not unlimited.
So as long as you provide decent, stable reef conditions, the exactitudes aren't going to matter – corals will adapt.
But if you disrupt that stability with nutrient spikes or nutrient starvation periods, then you're re-rolling the dice. Not all corals
re-adapt equally well or equally fast....and larger corals seem to have a MUCH harder time with some adaptations, so stability becomes more important as time goes on and corals grow up.
I had a hammer coral head recently die on me for unknown reasona, this caused the nitrate spike which cause the vodka dosing which caused the 0ppm nitrates. So really, I should resume my normal reef keeping behavior?
Well....how have your PO4 levels been lately? Kidding!!! But we need that info to give the best answer. Get that test kit, or get a sample tested at the LFS.
0.00 ppm of PO4 could easily be your "unknown reason"....and after the fact a NO3-spike is likely to generate a PO4-crash even if you had low levels available.
And I shouldn't jone too hard on ULNS...maintaining one perpetually is problematic, but it's not as simple as I made it out when I joked.
Med and high nutrients are easier to keep in most respects so they really are better for home reefs in almost all cases. And in fact,
a tank full of fish where you're dumping cubes of food in every day is never ever going to be a truly low nutrient system. (note the lower case) That would be an oxymoron and a paradox.

But higher nutrient systems are also less resilient and more crash or bleach prone in some ways (links on blog)....so moderation and control
for stability are still called for in almost all cases. If there's any remaining attachment to the low nutrient thing as an idea, then look at the most stable and mature systems out there (
@Paul B comes to mind; there are many others) – nutrient levels, even off the charts in some cases, just don't seem to matter at all. Those systems are balanced by
heavy duty N- P- and C-cycling in the microbial loop.....often boosted by some dedicated micro- or macro-algae farming efforts.