I'll lay out one scenario where we do see recurring issues with NO3 dosing (though the form of N being NO3 isn't likely the problem).
Person has dinos and tests to find zero/zero NO3/PO4. So they take advice to elevate those by dosing. Problem is that they can't immediately get a trusted PO4 source, but can get KNO3 at hardware store. So they start dosing NO3, while waiting on their PO4 additive to ship. Or PO4 adsorbs to surfaces and is hard to get measurable, while NO3 gets elevated. Either leads to weeks of higher NO3 with zero PO4 in a tank that was previously zero on both.
This pattern has led to coral losses and bleaching even in tough corals like montipora etc.
The literature explanation is that corals can handle N starvation with some P around, but N elevation with P starvation is more stressful.
Impacts of nutrient enrichment on coral reefs: new perspectives and implications for coastal management and reef survival
".. (c) Undersupply of growing zooxanthellae populations with P or other essential nutrients including iron/trace elements (*) can result in nutrient starvation of the algae.
P starvation, can be induced by the transition of zooxanthellae from a nutrient-limited to a nutrient starved state due to an increased cellular P demand caused by growth rates being accelerated by elevated nitrogen supply. Under this condition, zooxanthellae replace phospholipids [phosphatidylglycerol, PG] by sulfolipids [sulphoquinovosyldiacylglycerol, SQDG].
P starvation reduces the photosynthetic capacity (Fv/Fm < 0.5) and renders the corals susceptible to heat/light stress. Alternatively, P starvation might result when zooxanthellae growing under nutrient replete conditions are deprived of P while nitrogen levels remain high."
(figure 2 has nice pics of montipora under various N/P combos.)
Phosphate deficiency promotes coral bleaching and is reflected by the ultrastructure of symbiotic dinoflagellates
"...We argue, however, that the direct negative effects on the symbiosis are not necessarily caused by the nutrient enrichment itself but by the phosphorus starvation of the algal symbionts that can be caused by skewed nitrogen (N) to phosphorus (P) ratios.
We exposed corals to imbalanced N-P ratios in long-term experiments and found that the undersupply of phosphate severely disturbed the symbiosis, indicated by the loss of coral biomass, malfunctioning of algal photosynthesis and bleaching of the corals. In contrast, the corals tolerated an undersupply with nitrogen at high phosphate concentrations without negative effects on symbiont photosynthesis, suggesting a better adaptation to nitrogen limitation. ...Notably, high N-P ratios in the water were clearly identified by the accumulation of uric acid crystals."
(figure 1 for pics of euphyllia under various N/P combos.)
So now we try to say if you are N/P zero/zero make sure to get the PO4 measurable first before adding NO3.
again, not really NO3 specific - but it does cover bad outcomes repeatedly seen with NO3 dosing.