I researched this quite a bit a while back when I was working at a wholesale facility dealing with thousands of gallons of water with hundreds of tanks. There was simply no way to deal with using the standard testing kits in every tank every day, it would have taken up the majority of my work day just doing nitrate tests!
As to your request Jcardona, as far as something FASTER and MORE accurate, this is a bit like asking for a hotter girlfriend who gets hit on less by other guys.

The more accurate the test, it seems like the more complicated the procedure to test becomes. I could post some of the instructions for the higher end test kits, but they are RIDICULOUS. All sorts of things can give an innaccurate reading. These things make the API test procedures look like a walk in the park.
Here is an interesting thread from a SW forum (those guys always make us look bad!) of a guy that tested 8 different nitrate tests with lots of discussion about it.
http://www.reefcentral.com/forums/showthread.php?t=1721602
It seems the most accurate hobbyist kit is generally agreed upon to be from a company called HACH, but the instructions are seriously out of control complicated. It sounds like an experiment we would do in my college chemistry lab.
As far as those pinpoint meters, I have read so many things. It seems under some circumstances they can be great, and others totally worthless. I think as far as something close to a very fast nitrate reading, IMO that is probably going to be the direction you are going to want to go towards...
I know you are doing wild discus now and I'm sure nitrates in your new system are something you've been thinking about, especially while it's still new. It would be so nice if seachem could make one of those "ammonia alert" like products for nitrates that stay in your tank all the time and have them be ACCURATE.
Anyway, that's enough out of me for this post right now.
