"R/O water doesn't conduct electricity because it has no ions in solution, which has nothing at all to do with nitrate levels, and everthing to do with mineral levels."
Partly true, and your right about not having anything to do with nitrate levels--oops, I was in a hurry. However, R/O filtration systems do a very good job at eliminating most of the nitrates. There are many different brands and filters, some are better than others. I have three different types of filters on mine.
"If you are using an R/O unit, you can either add aquarium salt to the produced water to bring the mineral content back"
I would like to know how aquarium salt provides all the trace elements contained in tap water. I don't like using salt, but like you mentioned, mixing it with tap water would be much better. I wouldn't use 100% R/O water in my tank. Water changes using tap water would replenish the trace elements as well. I mainly use R/O water because the water supply here is horrible. My fish don't seem to mind it too much, but my plants do.
"Plain old tap water won't conduct very well."
You must have really good water. My tap water tested about 20K ohms...
*thumbsupsmiley*