Yes, potassium is usually just estimated. However, I have offered to do potassium and iron testing for users on this forum with a specialized instrument that gives very accurate results. The post is in the swap and shop section (search function: potassium and iron). The commercial potassium test kits out there are turbidimetric and again, difficult to judge by eye at the levels needed in a planted tank.
Sulfates are not really a problem - they are at such low levels (<100ppm) normally. In saltwater they are much higher (>1000ppm) and don't cause problems there.
Kevin