you got it guy. I had this happen once in my seahorse tank. the fronds of caulerpa turn white and release all of their spores into the tank. measured water params right after and they were through the roof. unfortunately the filter wasnt powerful enought to accomodate all of these unwanted products and i lost a few horses and fish. didnt have any corals, or inverts, but still wasnt pleasant. sexual reproduction in caulerpa isnt very common in captive systems, but still can occur, however with adequate filtration, there really is no need to worry!
good luck
jon