It will help Drifty, provided you have a good skimmer. The skimmer is an essential part of the equation to remove the resultant extra crud, otherwise no advantage.
But I'm starting to look like a vodka advocate here, I just want to repeat what I said earlier, that the vodka effect will likely lessen, and eventually become outweighed by side effects, after a few months, maybe 6 months or so.
The next stage for those who wish to pursue this further, would be to adopt the zeovit system, which works on a somewhat similar method ( feeding bacteria to encourage nutrient removal ), but the sytem is more complete because it also doses the desired bacteria thereby overcoming the lack of bacterial diversity thing, plus has supplements to ensure corals etc are not "starved" due to low nutrient levels.
But yes, vodka alone will often give great results in the short term.