I'm a BIG PROPONENT of Refugiums the larger the better and give alot of credit towards my success over past 30+ years in Reefkeeping. Not only can they be very beneficial in eliminating/out competing nuisance algae in the DT depending on size can be a major part of nutrient export. True to its name provides a refuge for a multitude of organisms that benefit and feed the whole system. I run mine fairly high-flow 1050+- gph with a mix of Caulerpa mexicana, C. prolifera, Chaetomorpha, Ulva and Halemida sp. lit 24/7.
As for 'Miracle Mud' goes had it for 2+ years in the refugium of my old 75g system and really don't know how effective it was overall. I did run skimmer-less for about a year initially (Leng Sy ? experiment) and it certainly kept the macro algae happy rooted in it. If I remember correctly you were supposed to let it sit for 3+ hours or so before running system ???
Cheers, Todd