You might want to start fragging. More often than not the tissue just keeps receeding. I remember giving a dying colony to a friend, pretty much just the tips were living. THat thing took off in his tank and regrew all the tissue.
If you do decide to bring you alk lower, do it very slowly. Slowly dose a little bit of the calcium to help offset the alk. Alk can cause the PH to fluctuate that why its reccomended to do it slowly.
Jerry
Trying to get back in the hobby... Will be seting up my 75g rr soon