If you're dosing ALK once a day, try at the very least to spread it over to 2-3 times a day. You can run some kind of media like GFO to reduce the PO4, but proceed with caution... Allowing the PO4 to rise to that extent and stripping it back down to too low of levels is equally bad. Stability works both ways; for example, if you have low ALK you don't want to raise it too fast and if you have high ALK you don't want to drop it too fast either. If I were you, I would keep a very close eye on your coral, if you see any sign of STN/RTN you may want to frag and re-home them until your chemistry is back on point.