I think that is correct, not sure which he uses (it might be miracle gro or miracid or some combo) but he's shown me the miracle gro siphon feeders he uses. And of course Walter Pall uses "whatever is on sale" at very high doses and his trees look pretty good!
I just get a little concerned about brewing up home-made compost tea and applying it to my trees. It's been a while since I've really read up on it, but I seem to recall that if you're not careful you can wind up with a compost pile that has bad things growing in it (if you don't get the ratios and temperatrure right, for example). Maybe I'm not remembering that correctly and it's not such a big deal.
Hey I was brewing up compost tea for my bonsai, fertilizing with fish, kelp, humates more than ten years ago for the same reasons it sounds like they are discussing. (Probably, didn’t listen to podcast yet).
But you are right compost teas can be dangerous. The fellow who taught me how to brew them has done years of testing. When his company started they went straight to testing results of compost tea applications in an orchard expecting to see increased disease resistance, growth etc. Well, the initial results seemed to indicate they were harming trees, some even died apparently.
So then they changed gears and just started testing microbial populations in the teas themselves. This was all aerated and brewed teas not just soaked. So, the ingredients used had a big effect, brewer design as well, brewing duration, equipment sanitization practices between brewing was huge. If you know well enough what you are doing you can have reasonable expectations of expanding target groups of organisms. You can make a high fungal brew or high in bacteria or protozoa etc. If you keep it aerobic enough you probably won’t have too many pathogens.
If you’re just winging it and hoping for the best then it’s much more of a gamble. You don’t really need to make compost if you have access to healthy forest land, just collect forest litter, activate it for a couple days and brew it with ingredients that will explode the microbial population.
I didn’t believe it’s needed though, just introduce a little native soil maybe and have at least a little high carbon material (charcoal, bark, coir, etc) as a stable food source for some microbes to stay alive between fertilizer applications and when food is available away they go reproducing like mad, taking stuff in, holding it till they die, eating each other and releasing nutrients...