Glad you moved the monos back. I think they'll be fine.
Alkaline buffers get "used up" if the water is very acidic. A buffer is a compound that tops up the alkalinity at a rate proportional to the deviation in alkalinity from whatever the optimal is. So if the buffer is "set" for pH 7.5, and the water is naturally pH 7.4, only a little buffer will be used up. If the water drops to pH 6.5, then much more gets used up.
Now, under most circumstances the seawater has enough buffering capacity for additional buffering agents to be relatively unimportant. Putting coral sand or crushed coral in the substrate is one method, but bear in mind that this technique works best with undergravel filters. It is the flow of water through the coral substrate that buffers the water. If the coral sand is simply a static substrate, then hardly any water is moving through it, and its buffering capacity is much less.
If you have very soft and acidic water, it's likely that the marine buffer potion isn't adequate to the task in hand. I'd certainly consider adding crushed coral to one "segment" of the filter. It will work as a passably useful pre-filter, and provided you clean in under hot water every couple of weeks, it should help buffer the water that passes through the filter. Then add some coral sand to the subtrate. While neither of these would be adequate on their own, together they should be enough.
Having said all this, I wouldn't worry too much. While marines certainly need a high pH, and brackish prefer something like 7.5 to 8, brackish fish are relatively tolerant, and will adapt to whatever is available (within reason). So long as the pH doesn't go below 7.5, I wouldn't panic just yet. While the marine buffer might be worth sticking with, I wouldn't bother, and I'd look for a less expensive method like the coral sand/crushed coral combo mentioned above.
I'd be doing 10-20% water changes per week at this stage. There's more than enough ammonium/nitrite in the system with these high-metabolism fish. No need to worry about the bacteria starving!
I have no idea what the growth is on your mono. Need a picture if possible. It may well be a bump or bruise, in which case it will clear up by itself. But it might be something more serious. Keep an eye on it, and look to see if it is growing, or bleeding, or if there are signs of dead tissue. Monos are essentially very hardy, so I wouldn't be too alarmed at this stage.
Cheers,
Neale