The hardest part is just finding the balance. While I would keep the ferts constant (I would look into Tom Barr's method for low tech tanks), you want to keep your lighting and co2 balanced to allow the plants to grow as fast a possible. If you have lots of co2 and little light, the light will limit the growth assuming you have plentiful nutrients. It is not really a problem to have lots of co2 as it won't cause algae. However, if you have little co2 and too much light you will have algae galore and the co2 will be the limiting factor. If you have lots of light and lots of co2 but too little fertz, algae can grow as well as the fertz will be the limiting factor.
Based on my experience and gathered knowledge, I would keep the co2 levels high and find a balance on the amount of light and nutrients. Of course, you can have a low light, no co2 setup and just dose as needed and adjust until you get a rhythm going. It can just be hard to get it perfect.