Well, peroxide for algae is an old, old, old FW trick. Doesn't surprise me that someone would try it for a reef.
Having read through that 39 page thread, it seems pretty anecdotal- most folks used peroxide + X or peroxide + X + Y + Z +...
There were a lot of 'day 1' posts, but nowhere near enough 'results:' posts for me to endorse it.
The thing about dino's is that they have a tendency to crash on their own given time, so h2o2 could be just as 'effective' as doing a hopi rain dance. It would be interesting to take a tank that was completely untreated and try it, leaving the lighting / feeding / WC regimen in place.