Calcium. “Calcium hardness” is the term used to describe the calcium content of the water, which for natural seawater is about 380 mg/l. Note that this is a simple weight/volume measurement; each liter of seawater contains about 380 mg of calcium. Maintaining this level is a relatively simple matter, as any soluble compound containing calcium can be added to the water to compensate for a deficit. Any compound containing calcium also contains a partner ion, however, and the nature of this partner can have important implications for aquarium chemistry.
Corals, crustaceans, mollusks and coralline algae all extract calcium from seawater, using it to construct their various support structures from calcium carbonate. Early efforts at maintaining the proper chemical environment for these organisms focused too narrowly on calcium alone, largely ignoring the role of alkalinity. This is unfortunate, because the availability of carbonate, the other essential component in skeletal structures, mostly depends upon the pH and alkalinity of the water. In fact, when the alkalinity is high, skeleton-building can still occur, even when calcium is present at a level significantly below that of natural seawater. However, when both alkalinity and calcium concentration are low, corals do not thrive. Conversely, raising the calcium level above about 550 mg/l will result in precipitation of calcium carbonate as chalk, with a concomitant drop in alkalinity, and calcification is made more difficult.
Using limewater for calcium maintenance helps to maintain the pH and alkalinity of the aquarium because the hydroxyl ions from the limewater neutralize some of the acids accumulating in the system. In effect, this prevents the alkalinity from being “used up” and the pH therefore remains more stable. The ideal pH for calcification by living organisms is about 8.40 to 8.45.
Maintaining the proper balance is best accomplished through the use of an automated system for dosing limewater, and an electronic pH meter for monitoring the pH accurately. Adding the limewater by hand, and evaluating pH with a color-change type test kit can be done with more room for error.
Besides aiding in the maintenance of pH, alkalinity, and calcium concentration, the addition of limewater to the aquarium has other benefits. One of these may be the near- total precipitation of phosphate (PO4-3) ions from the water. Undesirable algae growth is often a consequence of excess phosphate. Phosphate is a biolimiting nutrient, meaning that algae cannot grow if starved for this nutrient. Largely due to removal by chemical and biological processes, the water around a coral reef contains virtually no phosphate.
Source – About.com