Well I'm not Cookie, but here is my take.
In your tank, pH is determined mainly by alkalinity versus carbon dioxide. The more carbon dioxide in the water, the lower the pH. So you should keep the tank as aerated as possible. When there is too much Co2, pH can be raised by adding more alkalinity, that's probably what your pH up is, although i don't know.
So the best approach is to keep alkalinity at a sensible level, often from 8 to 11, make sure the tank is properly aerated, and your pH will be fine. If pH is dropping incredibly low, and your alkalinity is in that range, it is likely you do not have enough aeration, it is better to deal with that rather than keep adding more alkalinity.
Aeration is supplied by 2 main means, the skimmer, and surface agitation caused by the flow from your pumps. During the day, pH will tend to go up, because photosynthesis uses the Co2. At night pH goes down, as Co2 builds up.
So how low is too low for pH? 7.8 is often touted as pretty low, but it is hard to say exactly because the ideal is 8.3, and things get slowly worse as it drops, there is no definate point you can absolutely say is too low. If you can maintain pH at or around 8.0 during the night, you are doing well.