Hi all,
says npk is 5 5 5 (whatever that means!)
The 5:5:5 just refers to the ratio, and total amount of nitrogen (N), phosphorus (P) & potassium (K) in the fertiliser.
In this case "5" for all which means that it is a relatively low in nutrients (and will have a lot of inert carrier), ammonium nitrate (NH3NO3) for example would be 35:0:0, and potassium nitrate (KNO3) 13:0:38.
You also need to have a look at how the "5" is expressed, nitrogen is usually expressed as N, however phosphorus can be listed as phosphorus pentoxide ((P2O5) or as P, and potassium as K or as potassium oxide (K2O).
If it's as the phosphorus pentoxide, that is P2 (31+31) + O5 (16+16+16+16+16) = (62) + (78) = RMM 140 = 62/140 = 44.3% so 2.21 P rather than 5. The slow release means that it isn't all available (in solution instantly like the dry salts in EI), but released over time, this could be because it is resin coated like Osmocote or it could be something like "hoof and horn or bonemeal where the material has to be microbially degraded to release the nutrients.
"Growmore" is 7:7:7 (as the 2 oxides) and moderately slow release so a much cheaper and fairly similar option to the bonsai fertiliser. These don't include the other elements required for plant growth (Mg, Fe, etc) so they aren't replacements for Osmocote. If you want a cheaper Osmocote replacement, I've used "Vitax Q4"
http://vitax.co.uk/?page_id=185/&category=28&product_id=63and this will perform the role adequately in a high CEC substrate (like Akadama or any other (calcined) clay).
Personally, unless it was a huge aquarium I'd use one of the slower release formulations of "Osmocote"
http://www.scottsprofessional.com/en/osmocote-exact.html, how much you use is up to you, and how much CO2 and light you have, and whether you intend dose the water column with nutrients as well.
cheers Darrel