I tend to log all parameters on a rolling 6 month basis to view important trends like increasing Ca/alk and Mg demand as the coral density increases etc, and it also gives you a time table on nutrient control , but I'm looking to extend this to 12 and 24 months for certain parameters like Iodine etc to see 'what or If' there are certain seasonal trends that can be pre-determined. Allot of tanks go through seasonal peaks and troughs in terms of overall system health and vitality so its one way that i can get a better handle on whats going on during these phases and what happens just prior in terms of the systems nutrient cycles and chemistry.
Many reef keepers have the same scenario...the tank peaks, looking stunning for a period each year or so only for it to then go into a short downturn before bouncing back..I'm quite interested in finding or at least trying to get some ideas on how to extend the up phase whilst minimizing or at least shortening the downphase....
It may well be that the tank is responding to even minor variances within parameters like seasonal ambient temperature change (which you still get with even the best controllers) or 02 availability and air density variations from warm to cold seasons. Hell it may even be changes triggered by subtle variations in gravitational influence of the moon, even if the tank isn't exposed to the light factor.
It all depends to what degree you are interested in understanding whats going on inside the glass box as it were, observation is great up to a point but it will never tell you whats going on in detail ime.
Generally though, Ive found those who have the most successful systems, are also those who keep various records, even basic ones.
regards