Hydroxide is counted in an alk test. It need not do anything to be counted.
In point of fact, it also almost instantly combines with bicarbonate to form carbonate, as well as some other things such as combining with CO2/carbonic acid. But none of those processes change alkalinity.
Hydroxide consumes a bit over twice as much CO2 as does carbonate as it is converted into bicarbonate, which is the main contributor to all in seawater.
I discuss these issues in great depth here:
Randy answers many questions in this complex relationship.
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