Phosphorus is an atom, phosphate is an ion that consist of 1 phosphorus atom and 4 oxygen atoms. The hanna checkers are really measuring the same thing (inorganic phosphate) just stated in different units and with different ranges.
You can convert from phosphorus (ppb) to phosphate (ppm) by multiplying by 3.066E-3
A lot of people have the low range phosphate checker because it was the first to come out but I think the phosphorous ULR is the most appropriate checker for carbon dosed reef tanks, just because the range it provides. Also, if you're off the scale, you can always just dilute the sample.
I have the phosphate checker, but I don't think it's worth upgrading. In the end, you increase carbon dosage until algae is under control. There's not much need to measure PO4, because if too much is there, you'll know by looking at the tank.
If you don't already have a checker then get the ULR model unless you are running higher nutrients intentionally.