Somewhat true. You do get a pH swing between 0.5-1.0 when you turn the CO2 off at night. However, I've done this for months, and never had any fish deaths yet.

The pH swing isn't that detrimental to fish since this is sort of what happens in nature.
Another way you can think of it, if you leave your CO2 on, you also are causing a slight pH drop throughout the night. Plants will respire CO2 at night adding to the current tank's CO2 injection count, and dropping pH futher. So you are getting a swing either way if you decide to do 24/7 or daytime only.
Again, best thing to do if the concern is great C)2 during the daytime, and airstone at night (even timing it where the airstone goes on in the middle of the night for 2-3 hours, will help minimize whatever swing there is, and oxygenate the water).
However, I wouldn't worry much about the pH swing. I don't fish and shrimp have been happy.
-John N.