I'll just add a few comments...
1. Calcium carbonate will begin to dissolve (melting is an incorrect term here, although I recognize many people use it) at any pH below about pH 7.7. The lower you go, the more dissolves and the faster it dissolves. So it is certainly correct to indicate that you can run a reactor at higher pH than many other people do. The guidelines that folks often give are pH values that work well for them, but higher pH can work. Dissolution should be about twice as fast (e.g., twice as much will dissolve into the same amount of effluent) for each 0.3 pH units that the internal pH is lowered assuming an equilibrium is reached inside the reactor).
2. However, the "efficiency" of the reactor will change as one changes the pH. By efficiency, I mean the efficiency with respect to the amount of CO2 used in relation to the amount of calcium and alkalinity delivered to the aquarium. At higher pH, I think the usage is somewhat less efficient because you will need more water flow to deliver the same amount of calcium and alkalinity, and a certain amount of CO2/pH lowering is needed to bring that water down to the point where any dissolution occurs. The practical impact of this efficiency is probably a lower tank pH if you maintain a higher reactor internal volume pH (for the same delivery of alk and calcium) and a slightly higher expense for CO2. That said, those issues may not actually be a concern for a given tank system.
So, one can certainly regulate a CaCO3/CO2 reactor with a fixed flow rate and a variable pH to maintain tank alkalinity. I might just suggest that if the pH ends up being fairly high in the reactor, the user might consider reducing the water flow through it, and reduce the internal pH a bit, especially if the tank pH seems to run undesirably low.
Happy Reefing. :)