I used to have a pico that thrived for about a year until I took it down in an effort to reduce my number of tanks. I found that it actually did a lot better when I limited water changes to every couple months. Changing water will always cause a swing in something so I think doing it daily actually guarantees instability. I was dosing phyto for a feather duster and adding the tiniest pinch of flake every other day for the microfauna. No other feeding. Filtration was purely biological - rock, algae, soft corals, diverse microfauna, and a DSB did plenty to keep everything stable and in the right ranges. The only equipment was a light, a heater, a bubbler, and a dosing pump for phyto since the duster seemed to suffer without continuous feeding in such a small water volume. I do think the only reason I was able to pull it off is because I had no fish. Their bioload is many times greater than most invertebrates. I have no doubt that sexy shrimp, pom pom crabs, and other really really tiny inverts would have fit in perfectly but I just never got any. It held about 2 gallons of water accounting for displacement by rocks and sand. I've been keeping nano and pico tanks for a long time and I think if you allow the ecosystem to balance itself they're no more difficult than a larger one. You do run into problems when you start fighting against its natural tendencies with aggressive filtration, cleaning, feeding, water changes, etc. That's when small tanks become unstable.