As with many things in nature, it's a balancing act.
In higher nutrient tanks, you can get away with higher alkalinity without burning your coral. In ULNS tanks, you can't. There seems to be a relationship between available nutrients and calcification rate (and I'm sure water flow and available light are variables in that equation, too).
I'm currently running pretty average on everything: 0.04 Po4, 13 No3, 8.5 dKh. Though. with Trident controlled dosing, it generally meanders in between 8.4 and 8.6 over the course of a few days.