well really i didn't have time to read nikki's post this morning, though i hope to get around to it, i was thinking more for my lps's, sps are quite the minority in my tank
Depending on bioload, flow, etc. many LPS can utilize larger meaty foods. For instance, I would periodically target feed Euphyllia (hammer, torch, frogspawn, etc.) with PE or Hikari Mysis Shrimp in my softy tank. This was necessary because I didn't have good enough flow in it to keep wastes suspended.
The key is, look at the size of the "mouth" and look at how much tissue is supported by that "mouth", look at the length of the 'tentacles' of the polyp, look at the color of the coral, and see if the animal is colonial (which share nutrients). Obviously, a larger mouth is capable of ingesting larger foods. Longer tentacles on a polyp tends to indicate better prey-capture abilities. Zooxanthellae is brown. Corals that stay brown tend to have a LOT of zoox in their tissue. Even though some species might have a lot of tissue, it might not need much in the way of additional feeding due to the quantity of zoox. (Look at the size of the tentacles as a clue).
Examples:
Frogspawn....each "head" is one animal. It is not colonial and it doesn't share it's nutrients with any other "head". There is a lot of tissue to each animal and the "mouth" is fairly large. Depending on how your tank is set up, this animal might appreciate periodic target feeding of meaty foods.
Most SPS....this animal is colonial and what hits one polyp is shared by the entire colony. The "mouths" are very small and most SPS tissue is only 2 cells thick. I feed them good flow to get fish poop and other detritus covered with bacteria to the polyps as well as good lighting. When I would see colors lightening, I would feed my fish more for a couple of days.
Zoanthids....very tiny mouth, not colonial, medium amount of tissue. Sure, there's plenty of tissue for each animal but how on earth are you going to feed that tiny little mouth? Answer, you don't need to. Photosynthesis, DOM, and bacterioplankton will feed them just fine. Just to show you the variation in the same family, yellow polyps (parazoanthids) have a medium size mouth, much longer tentacles on the polyp, and should be fed. The 0length of the 'tentacles' is a clue. Protopalythoa have good-sized mouths and medium length tentacles. They will close up on any small or medium sized food you give them. I've seen them close up and eat foods as big as mysis shrimp before.
Colt coral....Cladiella has a lot of tissue, is colonial and each polyp shares nutrients, has medium sized polyps. If you have decent flow, you probably don't need to feed these much. Particularly, tan or brown specimens. Zooxanthellae is brown. Brown corals typically have a LOT of zooxanthellae and get much of their energy budget from photosynthesis.
FOOTNOTE: I hate my post because it generalizes so much. However, hopefully it shows the thought processes I go through with my corals and how/what/if I need to feed them.
So it looks like phytoplankton isn't necessary. There are lots of zooplankton products available on the market. Are they worth the $ or should the coral get enough nutrition from left over fish feed and fish poop?
As above, it depends on your situation. I've utilized both Cyclopeeze and Sweetwater Plankton in my blender mush.