Yes, an increase in CO2 will cause a decrease in pH. Why? CO2 combines with water in your tank to form carbonic acid. Intuitively, this carbonic acid lowers the pH of your water. 
I'd use a drop checker to check that you're injecting an optimal amount of CO2.
I'd first set your pH controller to around 6.9 and see how that goes as far as CO2. Again, verify with a drop checker.
I'd use a drop checker to check that you're injecting an optimal amount of CO2.
I'd first set your pH controller to around 6.9 and see how that goes as far as CO2. Again, verify with a drop checker.