It is good for general maintenance and helps when growing coralline algae (decorative purple algae on live rock). The bottom line is that you should test for calcium if you add it, though--appropriate levels range from 380-450 ppm of Ca++. More important than calcium is alkalinity, which you should test for and can be boosted with plain baking soda (if low). http://reef.diesyst.com/flashcalc/flashcalc.html has a calculator you can use to estimate amounts needed. Anywhere from 7-12 dKH of alkalinity is appropriate. Alkalinity should be checked anywhere from weekly to every couple of weeks, though weekly testing is recommended at first. Calcium can be checked less often.
question, For a FOWLR should I be testing for anything other than Ammonia, Nitrite, Nitrate, PH and Alk? Thats all the tests I have, is there anything else which you think is really necessary (for no corals that is)