I agree with you about conductivity, the only problem is a normal aquarists is usually not able to determine conductivity/TDS, because there really are no down and dirty (inexpensive) kits or ways available to test for it.
I would check mine weekly because I had a conductivity meter in the lab where I worked.
And although my nitrates tested low, the conductivity of my tanks was normally rather high.
This is the reason I kept the species I did. Many Central American bodies of water can be rather high, with the incursion of sea water, and limestone substrates, and many of those species can handle the mineral content, as compared to South America e.g .
And may be one of the reasons I had trouble with spawns from some Malagasy species like Paretroplus.
I went back to some of my log books to check.
As you can see I was quite anal about my water quality testing.
I do believe nitrate is only part of the problem, but the ability to test for it, also indicates the symptoms of the other less than desirable aquarist practices.
If an aquarist overfeeds, over stocks, or simply puts too big a fish in too small a tank, or doesn't do enough water changes,high nitrate will normally be the obvious result.