Joel,
I can share with you how I do it. There absolutely may be better ways to do this, however. I'm hoping someone else chimes in.
I too am not a fan of guessing colors with test kits so I opt for the Hanna Colorimeters when I can. Unfortunately, they don't have one for freshwater nitrate.
The method I use:
Anyway, the point is to take a reading at a beginning point and then a reading at the ending point. I usually do this right after a large water change and dosing. This is my beginning point. Do not fertilize for the week. I then take a test right before doing the weekly water change. This is my ending point. The difference between the beginning point and ending point, all other things assumed, is your plant uptake for the time period.
I do the above (very occasionally) with the big nutrients such as nitrate, phosphate, potassium. I also guesstimate the micros by tracking iron.
In the end, what I'm looking for is a trend more than a specific number. I do want to see a downward trend for the week indicating some uptake. However, I do take the test kit confirmed uptake amount and use it to educate how much I will front load nutrients in my next weekly cycle.
How important is this:
Well, if you have good husbandry practices and (IMO) do the occasional larger water change, I don't think knowing a rough estimate of your plants' uptake is that valuable. Over time, you likely will not get to any nutrient level that throws things off.
If you do want to do lean dosing or, if you follow
@Dennis Wong and his low nitrate dosing, I guess knowing uptake amount
may be able to help you walk the tightrope in your dosing regime.
For me, the above has been helpful on occasion. For example, one time I did see that my plant uptake was significantly different than a couple of months before. I hadn't changed anything nor heavily trimmed the plants. It sent me on a search to see why the plants were taking up less nutrients. Turns out my auto-doser needed calibration. This is when I learned that an auto-doser needs to be calibrated every so often.