First I want to apologize, as I recall you had PM'd me with a similar question. I am sorry for not answering, this thread prompted me to look for that PM but it seems I had deleted it in a recent cleaning of my files.
As said above, blacks aros are from the amazon region. The water there is soft and acidic. However your aro should adapt easily to a pH in the mid to upper 7s. Playing with water chemistry can be dangerous. If your pH is real high(^ 7.8) the best way to lower IMO is with R/O water. You can mix the R/O with your tap water and reach your desired levels.
As far as your aro's frayed fins go, I don't believe the parameters have much to do with it. Though you do need zero ammonia and nitrites, keeping the nitrates below 10ppm will help with healing.
You need to figure out why your aro has the frayed fins, looking at the pic in your gallery from 10-24, this is definitely NOT fin rot. IMO I think your aro is being harassed by one of the other fish or possible that the intake/output of the filter could be the cause.
I would see about isolating the arowana for a couple weeks and keep the water pristine, you should even see a difference after a couple days. Just because you don't see your other fish harassing the aro doesn't mean it's not happening. I could also be that it is occurring after lights out, do oyu leave the moon lights on all night?