Somonas--- By increasing KH , your PH will go down.You would have more disolved Carbonate, but the carbonate acids will lower your PH.
By adding Co2, your PH should go down , not up.
Plants will use it, but the key is to keep it constant, so they never use it up. This is where the discussion of turning it (Co2) off at night, when the plant actually give off Co2, and use O2 would come in.
Take a PH test before the lights come on..bet it is a lot lower than during the day from all the extra Co2. Now if you have a nice Alkaline buffer, from hardwater, you don't have to worry as much.