You shouldn't need more than a handful if you place it in a filter with a constant flow of water over/around it. However, crushed coral won't raise the pH to 8, more likely 7.4-7.6 will be the limit. It will definitely raise the Gh and Kh, and should buffer the pH higher than 7 even with CO2.
What is the purpose of maintaing it at 7 anyway?