I think it's all good advice and info. I don't like to feed a lot or overfeed. Hopefully I myself will get things balanced out. I think another aspect is target feeding. Sinking food for bottom fish and even positioning food so certain monster fish get what they need and not the entire crowd.I believe the main thing about probiotics is the competition of neutral vs pathogenic bacteria, not so much nitrate removal since that is an anaerobic process and requires a whole other discussion entirely.
Food that's higher in quality will generally have better nutritional value and more food which can be digested, resulting in less waste being expelled.
One thing to consider is that fish are ALWAYS expelling nitrogenous waste as a byproduct of being alive and cellular processes in general. The rest will be whatever they don't digest, so if a food is too high in proteins or other components they will be expelled. And just anything else they don't need. From this I wonder if more frequent, smaller feedings will benefit fish as they have enough time to digest and take what they need instead of overloading them, but on the other side fish are built to store a decent amount of energy so surely they can handle it.
I believe a key thing is the right protein sources. Fish meal proteins, fatty oils and amino acids are important in the diets. How well fish can handle grain or mammalian fats/proteins is a different story for another day. Brine shrimp contains many important amino acids and many people I know use freshly hatched BBS (Less than a day old) to feed fry or newly imported fish, the proteins are vital for growth and recovery and are hard to find in other food sources.
That's my short 2c, I do thing feeding a little less can definitely help prolong a fishes lifespan. Really depends on the species and diet style of the species.
Hell, if I just threw food in the tank my oscars would look like volleyballs.