If your tank is set up right, then the phyto will quickly be filtered out by the skimmer, carbon, reactors or anything else that is going on. A tank is a not a hospitable environment for phyto to live for long.
Yes, it will feed pods. How much? I doubt that anybody knows. Will it feed coral? Depends... are they fine enough of a filter feeder? Most coral cannot eat it. Clams can, but it is not necessary. Do you even have any coral that need fed? If not, then I would only try and feed them if your N and P are at zero - a fed coral with N at 10 and P at .03 is probably worse than a coral feeding on the symbiotic diatoms with lower N and P levels.
For phyto to consume nitrate and phosphate IN YOUR TANK, it will have to grow and divide. To do this, it will need iron and other nutrients that can get quickly depleted from a typical reef salt. Even if you could get it to grow in your tank, I doubt that you will like it... your water will get green... really green.
In the end, the phyto will add more to the N and P loads than anything. Any reduction in N and P might be more like just a P from the few growing pods that you might get that uplift into the life cycle and into the tank. I would only recommend dosing it if your N and P are near-zero.