Are you getting a paintball or full sized regulator? I use paintball, particularly Aquatek's paintball regulator which has a solenoid. I find it very useful in conserving your co2 and prolonging the need to get refills. At night when they lights are off, the plants don't need co2 so it's best to not waste it. pH swings are not really an issue, my fish and shrimp tolerate it. I use a drop checker to make sure I'm in the "green" when the photoperiod begins... everything on timers! Co2 starts 3 hours before lights, shuts off 2 hours before lights do.
No airstone at night, unless you don't have any surface agitation.