I'm using ARM media in our reef octopus reactor. Its basically coral skeletons. We've been using it a year and so far its done a great job keeping calcium, alkalinity and magnesium in check in our 75 gallon sps dominated. I can't think of any complaints so far.
I used the fine arm and it seemed to disolve quicker, i also tried the korallin media but had to add magnesium like crazy. This new coarse ARM says on the bottle that it has added magnesium and i have found that I dont have to add nearly as much or as often than before. Just my experience though.