Yes, borax will affect pH more than TA.
But, your theory about alkalinity won't really work, though it's an improvement over the one published in pool books and guides, where you lower your pH, and the raise it again with soda ash (sodium carbonate) in a useless attempt to lower alkalinity.
If you have high alkalinity, you probably just need to aerate. Doing so will strip carbon dioxide which is a portion of the carbonates present, and will thus raise your pH, while leaving your alkalinity down.
There's a 'sticky' HOWTO in the alkalinity section that explains this more. Also, I'm moving this thread there, since that's really where it goes.
Ben
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