The best advice I heard early on that I did not follow was this:
NEVER DOSE ANYTHING YOU DON'T TEST FOR!
After 2 years of moderate success, I switched to the Moonshiners Method. The first thing I discovered when I got my first ICP test back was that the Strontium and Iron I had been dosing was not nearly enough, and the Iodine I was dosing was way too much. I mean like 1400+! It took 6 months of biweekly water changes and the nominal coral consumption to get back down to a normal range. When I did get there though, everything evened out tremendously.
The caveat is that I only have a 30-gallon Nano tank with a ton of SPS in it, and a Gen 5 XR15 Light that really was the original piece that helped everything take off. Being such a small tank I was able to make these adjustments without a significant amount of effort. It is a bit of a pain to do the daily dosing of 6 or 7 different things aside from the Calcium, alkalinity, and Magnesium, but you get used to it after a while.
That said, you can get away with doing little to no trace mineral dosing "IF" you do very regular water changes, AND you don't have a ton of coral in your tank for the number of gallons represented. The thing I like about the Moonshiner Method is that I have probably not done a water change in 6 months, and things have stayed quite nice and continued growing too well through all that time.
Ultimately it's to each his own. For smaller tanks, mainly nano, just change a few gallons a week and you will do well with most stuff. When your SPS starts growing too fast, pull the light back and reduce the Calcium and Alkalinity to slow it down, and do quarterly ATI tests to verify everything else. $60 every 3 months is really a small expense all things considered to absolutely know where you stand.
This hobby will serve you best when you don't assume, and you don't guess! Even with a nano tank!
The "After" photo is about a year old. I have since Fragged the big
WWC Yellow Tips, and experienced an STN event. I am pretty sure the STN event was from the excessively high Iodine. Growth was great after that, and I have not had another STN event since.