As you point out Co, Mn, and Fe levels drop drastically in a few days. What is your opinion regarding the use of higher sensitivity ICP-MS to regulate the supplementation of these three elements?In my opinion it is not possible or at least it makes no sense for some elements.
Some elements, especially cobalt, but also manganese and iron are in so low concentrations in natural seawater and also the relevant concentrations in reef tanks that ICP-OES will not find them. The concentrations of all three transition metals are also very unstable and will drop drastically in between a few days after addition.
If you go into the Periodic Table of Elements in the Oceans (PTEO) and click on the elements mentioned above, you will find average residence times of 340, 60 and 200 to 500 years respectively and concentrations in the picomols/kg. You can go through all other relevant elements and find thousands, tenthousands or hundredthousands of years residence times and concentrations in the nanomolar ranges or higher.
This means that natural concentrations are very low and elements precipitate or are removed from the water very quickly. So it is not even clear which concentrations you can expect in reef tanks because the fluctuations for example due to water changes or additions will be very large.
For most other relevant elements it is better but some may still be below detection limits of ICP-OES. Fluorine is not detected by ICP-OES but by other methods.
The approach of control of every single relevant element is an illusion with the current technolgies.
Keeping Co, Mn and Fe above the detection limits of ICP-OES may already have adverse effects to corals or other tank inhabitants.