I'm also fighting a massive infusion of green hair algae. In fact, there is almost no place for my aiptasia to grow now!
I chatted with some LFS guys (also hobbiests) these are some of the ideas
0) The problem is excess nutrients caused by feeding, I know this.
1) Get a sea hare. Aquatic Gallery said they'd sell me one that I could return for credit after it has cleaned up my tank (about $15)
(But that is fighting a symptom, not the cause!)
2) Try dosing vodka (http://reefkeeping.com/issues/2008-08/nftt/index.php) don't overdose! It should help the skimmer work better to pull out excess nutrients
3) Try running without lights for 3 day, the corals should survive easily and nocturnal herbivores like hermit crabs mights "stay up longer" to eat alage. I dunno about the nocturnal herbivore part, but this might be a good tactic. I might try it for 2 days. My bulbs are NEW, and I've switched a few times, so the problem is not old bulbs. My photoperiod is 8 hours, I've dialed it back an hour.
4) I'm feeding flake food every day. Some suggestions are
4a) Switch to live of frozen food such as mysis shrimp. Flake food is already mostly decompossed so if it goes uneaten, it'll almost instantly dissolve and feed the water column! Mysis shrimp and such will at least hang around longer in a non-decayed form...maybe long enough for the hermits or other scavengers to eat it.
4b) I feed everyday...fish don't really need to eat everyday (I dunno...) so try feeding every other day, or drastically, once every 3 days or longer!!
5) Grow more macro algae. I admit I had fewer problems when my sump was a huge clump of chaeto. Instead there are rocks in there with mushrooms and such...so I've lost my macro-algae nutrient export. I should again get chaeto growing. I do have 5 mangroves in there, but they are basically useless...despite what some people may think.
6) ongoing manual removal. Well the nutrients needed to grow GHA is obviously locked up IN GHA, so if I keep removing the GHA that I can, I'm obviously removing the locked up nutrients as well. But obviously, it's already GHA so it won't add to the problem of nutrients. Still this is good nutrient export and of course, just pulling it out means less of it to multiply, though I've yet to pull out a clump without small strands floating loose!
7) Add more herbivores. I already have a yellow tang that does nothing. I added 5 more red leg hermits who probably also won't do anything, but at least they are fun to look at!
8) Greater frequency of water changes. I admit, I am very lazy about this. The solution is to be less lazy about it. So I'll start a once a week water change regimen. I only change one 5 gallon bucket of water, out of about 60 real gallons of water (58g + 25g sump, minus rocks and stuff) so I won't over-change the water, but at least I'll be changing the water!
That's my strategy! Sadly, GHA is only ONE of the pests in my tank. If I can get it down to nothing, I'll start working on the aiptasia, since the very expensive berghias I bought seem to either not be able to keep up...or are dead.
Note that my strategy is a mixture of prevention and after-the-fact cure. I need to get rid of the stuff, but I also need to correct whatever is allowing it to bloom! (excess nutrients from feeding probably!)
V