Hold your horses wasp. My answers are always in plain English.
It is one component, yes.
The zeolite used, clearly has significant iron contamination in it. One way or another it will find it's way into the system, whether through chemical disassociation, abrasion, or bacteria processes. The point is iron is a fertiliser from the point of view of algae and bacteria. The reasons and triggers as to why zooxanthellae leave the tissue (or are pushed out) are not well understood (although there is a possible, unverified, model).
Have you heard of people having massive coral bleaching when changing salt brands? Maybe trace metals (transition ones in general, not just iron necessarily) play a role in that?
Layton