Jennifer, my own feeling is that its pretty clear-cut that once you have fish then crushed coral is the only way to go, if you're going to do it. (Which is a big if, as you can tell from Robby's comment. Crushed coral in a mesh bag in the filter is nice and slow, which is what you need with fish in the tank. Baking soda is usually too fast, unless you had extreme patience and were sitting at the tank all the time with your little teaspoon or something crazy like that.
On the other hand, during fishless cycling baking soda is preferred, precisely because of its greater speed and flexibility. Since there are no fish in there to worry about and the bacteria are not bothered by quick changes, we might as well make nice big fast changes to accomplish our goals.
My own personal situation is a lot like Robby's situation. I have extremely soft water KH=0 or KH=1 or something like that and my tap pH is not exceptionally high, something like 7.2 to 7.6 at different times. My tank works its way down from 7.2 to 6.6 or 6.4 in fairly short order and then gets a lift back up to 7.2 or more when I do the weekly 50% water change. I have a bag of crushed coral in storage and ready to go but still can't make myself decide whether to make this change and put it in my filter. I keep wanting to inventory all my plants and fish and think about how it would affect them. My gut feeling is that very soft acid water is really only useful if you want to breed a few species that reallly like it, and in all other cases (most plants, most fish) its really easier not to have it so soft and acid. But I have occasions when I can't manage to do the weekly water change and for the reasons Robby mentions, that worries me. I only mention this as an example about the thinking, but also, for me, its been bothering me for a year or so!
~~waterdrop~~