Nate,
>Greg, do you think Mg needs tested often, or is every few months ok<
As you have mentioned, IMO it depends a lot upon the tank and the critters in it. If you know your tank rarely has a problem with Mg, then I'd back off testing. The test I'm using is essentially free so I tend to test more often. Once a month is probably plenty unless something funky happens to your tank (high pH spike with calcium/magnesium snowstorm) or you suspect your corals are unhappy, but cannot pin down the cause.
Bleaching means the corals turn very pale, almost white, but the polyps are still there, and the animal is still alive. Bleaching can be caused by many things, switching bulbs (either new or different spectrum bulbs), bad water quality, high temps, etc. Sometimes corals can reaquire their zoxanthelle, and recover from bleaching.
RTN looks like the coral tissue is just becoming perforated, and then 'web like', and then just blows away leaving a clean white, dead skeleton (VERY SCARY). In this case you cannot see any remaining polyps and the skeleton usually becomes covered in green/brown algae in a few days (no live coral tissue). RTN can start from any particular part of the coral, and the whole coral can be gone in hours to days. Usually (IMO/IME) corals that are undergoing RTN do not necessarily look pale, but they could due to other factors.
STN (slow tissue necrosis) usually occurs from the bottom up. Often times IMO this is a natural process that occurs in our tanks and also in nature as the base of a coral become more shaded, or has less water motion. Usually it occurs slowly, and eventaully stops at a particular spot up the coral branch. I've seen this many times on my SPS corals that have grown really large.