Are you using something like the Hanna ULR for PO4? You could slow down or discontinue dosing alkalinity for a few days to drop that to around 8 and see how things respond. Last December my montis started to loose color and I lost a couple (along with a couple acros); I wasn't able figure out exactly what happened.
Water parameters at the time things were going bad
Sg - 1.025 (very stable with ATO)
Temp - 78.8° (extremely stable)
pH - 8.27 (generally fluctuates between 8.2-8.3)
dKH - 8.57 (fluctuated 8-8.5)
PO4 - .058 (was slowly rising .028)
NO3 - 7.5 (was slowly rising from about 2.5)
Ca - 440
Mg - 1365
I'm not sure what caused it and my water parameters are very similar now with everything doing great (including one of the montis that was almost dead). PO4 is generally .02-.04 these days. Even though things seemed to be good in regard to test gets, I had gotten lazy around the time and was trying some different things out (very limited water changes being one of them since I didn't have nutrient issues). I got back to doing 15% water changes every two weeks and keeping everything maintained better and things turned around very quickly. Wish I could say I had a clue as to what actually made the difference.
Couple days before Christmas '16
Now