A well reasoned argument Layton, and I agree with most of it. However -
Agreed
Agreed, to a point. Depends what media, Rowaphos is a good one. Also organic phosphate does not have to be "packed to overflowing" before orthophosphate can exist.
Agreed
The phosphate in the tank is continuously changing from one form to another. If all orthophosphate is removed, it won't be long till some bound phosphate is converted to orthophosphate, once again suitable for removal by a phosphate binder.
Correct, what a skimmer removes is gone. Incorrect about Media though, once bound by Rowaphos, the phosphate will not be released back to the tank, under normal conditions that exist in a tank.