Hi Chem Geek .
It is actually this product (I had the name wrong) http://www.spadepot.com/shop/Control-the-pH-P664C634.aspx. And here is the Active ingredient: phosphate buffer (as KH2PO4/K2HPO4). So your assumption was correct. I have been doing this weekly TA - PH adjustment for 5 years now and someone suggested this product. I always the adjustment based on values recommended by my dealer. In researching this product it led to this website.
I have read a bunch of the stickies and other posts. Wish I would have looked this up earlier I obviously have been over adjusting and will try your suggestion TA around 50 and add the borates, rather than the control the PH stuff.
Thank you for your help. But I am still curious how does phosphate buffer control the PH?