I'll tell you, My tank looked great for a while with the pellets. I've been running them for about 7 months. I posted a thread a few weeks ago about going back to basics, guess its time. Time for some new macro.
My buddy who is running them had a huge RTN event right off the bat, but we linked it to all the algal die off in the tank because of the rapid reduction of nutrients. Literally ALL the nuisance algae died within a week, that stuff converted into ammonia and blammo...sps nuked. After the intial die off and settling down though, he has been running them for about 2 years straight with excellent color and growth on all sps. He cant keep LPS alive however, but zoas and palys grow like weeds.
But then again, i ran BP's for awhile and didnt like it. Too pastel on the colors, no growth, it was a really boring looking tank. So that tells me its success is very dependent on the system its being used on .