You couldn't be more wrong. Nitrites are proven not to affect SW fish so it is recommended you don't test regularly for Nitrites. On the other hand Ammonia is harmful in SW so you will need to allow your cycle to complete.
Nitrite
Aquarists' concerns about nitrite are usually imported from the freshwater hobby. Nitrite is far less toxic in seawater than in freshwater. Fish are typically able to survive in seawater with more than 100 ppm nitrite! Until future experiments show substantial nitrite toxicity to reef aquarium inhabitants, nitrite is not an important parameter for reef aquarists to monitor. Tracking nitrite in a new reef aquarium can nevertheless be instructive by showing the biochemical processes that are taking place. In most cases, I do not recommend that aquarists bother to measure nitrite in established aquaria.
Linky
Just to put my two-penny worth in lol, the key sentence in that article for me is "Fish are typically able to survive in seawater with more than 100 ppm nitrite!", and the key word is 'survive'. I'm sure fish are able to survive in water with nitrite in, hence people successfully using Damsels to cycle tanks for many years. However, my aim is for my fish to thrive, not just survive and any level of toxin in the water will cause the fish undue stress and reduce their ability to resist other diseases/infections. Therefore, nitrites may not kill fish outright but they will certainly give the fish less chance of resisiting other diseases that may well kill it. This also applys to nitrates, which again are not deadly but will cause undue stress to the fish at high levels. I agree with the point that in an established tank, there should not be any ammonia or nitrites and therefore these don't need to be regularly tested for. In this situation however, the presence of ammonia or nitrites indicates that the bio-load of the tank is exceeding the ability of the bacteria to process it. This should rectify itself with time and good maintenance.
Matt.