That is exactly what a seneye would run
Given your tank age, bioload, surface area (we haven't seen pics yet but a reef is a reef) that reading calibrates your hanna to be used on all kinds of cycling experiments, including biofilter stress tests. Anything you want to log and relate to changes made in the tank, sand cleaning events, big water changes, will really benefit the hobby.
With that meter you'll be able to see how quickly other systems cycle up, you'll be able to watch your own system ensure challenge events just shy of a big fish loss without any issues exactly like an ammonia shock absorber system
If it helps to know, Dr Tim discussed in posts a few times now that adding new bioload doesn't mean more bacteria form; current ones simply go into a faster metabolic production mode and its in instant response to + new bioload
There is of course a tipping point for any reef; in the ratios we all copy we don't have to worry about approaching that tipping point and you are among the rare folks with the meter to verify that ability.