New here. Recently got back into the hobby after a thirty year absence. Here's my experience with iodine. I consider this one of my tank's extinction events.
I test a lot. I like testing, and have worked in analytical labs on occasion when I was younger. In the last few months, I've tried out almost every hobbyist level marine test kit from Red Sea, Elos, Nyos, Giesemann, SeaChem, Salifert, and Lamotte. Compared the techniques used, the reproducibility of results, how close the results are too each other and my expectations, and so on. And eventually, I compared these results to concurrent samples sent for spectroscopy to Triton and other ICP-OES labs.
So while I'm testing, I'm also stocking my new tank, adjusting parameters, and trying out some additives. With my previous tanks decades ago, addition of both iodine and strontium, in small quantities, seemed to have positive effects on my livestock. So I started adding small doses to my current tank, at intervals. Much less than recommended on the product bottles. And I kept testing for iodine and strontium, with inconsistent results. The Red Sea iodine test technique is flawed, and will give you positive readings even when none is present. Other test kits from Salifert, Giesemann and SeaChem may give you low readings even with disastrously high levels of iodine present. (Also, strontium tests from Salifert and SeaChem will always read zero or low no matter what your actual level.)
One Saturday, I did my usual in-house testing. Got no iodine reading on two different tests I did that day, even though I'd been adding it. Figured it must have been removed by carbon/polyfilter. Took my first ever water sample to be sent off to Triton, which I'd recently read about, and mailed it. Then I proceeded to give my tank a bit more iodine and strontium (not lugol's! A supposedly 'safe' iodine additive.)
Less than an hour later, certain of my corals did not look at all well. It was pretty obvious from the timing that either the added iodine or strontium was the problem. Iodine being the more obviously toxic of the two. Proceeded to do many water changes. Most of the corals recovered, some did not and succumbed within a couple weeks.
Got my Triton results back 10 days or so later. Iodine level was 225! (should be 60). And not knowing it was in the toxic range, I had proceeded to add more!
Strontium, which hobbyist tests said was at 0, also came back high at 20 (should be 8). Probably not the cause of any problems, though.
Tin was also high, traced to rusting steel nuts on a return pump I had purchased new just 3 months earlier.
All these issues have since corrected, with guidance from several different OES labs. (My lithium is a bit high, but I've traced that to the salt I've been using, again by OES.) Surprisingly, the different labs' results can even vary considerably from each other, so what in fact is trvth?
Moral: Don't add elemental supplements for which there is no accurate way to track levels short of spectroscopy. (Yes, this probably sounds like a plug for the Triton method, although I don't use it myself.)