In general, if you want faster skeletal growth of hard corals, higher alk and higher nutrients (sufficient N and P of some form) to go along with it. Maybe 10-12 dKH.
If you keep nutrients lower for any reason (or you just don't measure them so they may be low or get low), then lower alk (say, 7-8 dKH) is better since higher alk and lower nutrients can lead to SPS burnt tips (which may be due to the skeleton growing faster than tissue can keep up).
If you are keeping primarily LPS and soft corals and anemones and such, I'm not sure the alk value matters much within the normal range of about 7-11 dKH.
When you say higher alk goes with higher nutrients is there a rule of thumb? I have been using IO reef crystals which I know has higher alk but I like it in that I don't have to worry about mag or Calcium dosing. I only dose ALK and maintain the tank easily around 9.5 dkh and do 20% water changes every other weekend. I have a mixed reef of SPS and LPS. My fish load is dominated by a dwarf lion that I feed ghost shrimp resulting in PO4 of 0.04 to 0.05 on a hanna ULR phosphorus checker and NO3 around 10-15. Is this a good target for my nutrient levels?