In the trace element article Hans-Werner linked to contains a couple of good summaries.
1 What is the biological importances of them?
Below is a figure
from the article that show the use of different trace elements
In addition to absorption in soft tissues, the table also mentions which substances are found in the calcareous skeleton of hard corals. He seems to believe that the composition of different substances in the skeleton plays a role in terms of the skeleton's resistance, hardness and other things. an opinion that I share. However, the general view seems to be that "s*h*i*t happens" just because the substances are in the water and the composition has no biological or ecological significance. IMO - if it should be a "s*h*i*t happens" event - the concentrations should - IMO - be the same in the skeleton as it is in the water - but it is not - it is biomagnified rather much in the skeleton. As an example I is between 8-6 µg/g in this table - in seawater around 0,06µg/g. Ba - between 55-116 µg/g and seawater around 0.014 µg/g
Note it is µg/g in this table
Table 3 shows this also for many other hard coral species - there is a huge biomagnification of trace elements in the skeleton compared with sea water.
Concentrations in seawater with species. Note if you want to convert mg/L to µg/g the easiest way is to see it as equal mg/L = µg/g. but in saltwater it is µg/1.024g but it has no major importance if it is 1:1 or 0.98:1
The article show some recipes of combined trace elements but this was before ICP was introduced on a broad base in the hobby - today it is easier just to follow the trend from multiple ICP analyses of the aquarium water and dose single elements - IMO
Sincerely Lasse