Approximating carbon fixation - how important is the Calvin-Benson cycle steady-state assumption?

Plants use light energy to produce ATP and redox equivalents for metabolism. Since during the course of a day plants are exposed to constantly fluctuating light, the supply of ATP and redox equivalents is also fluctuating. Further, if the metabolism cannot use all of the supplied energy, the excess absorbed energy can damage the plant in the form of reactive oxygen species. It is thus reasonable to assume that the metabolism downstream of the energy supply is dynamic and as being capable of dampening sudden spikes in supply is advantageous, it is further reasonable to assume that the immediate downstream metabolism is flexible as well. A flexible metabolism exposed to a fluctuating input is unlikely to be in metabolic steady-state, yet a lot of mathematical models for carbon fixation assume one for the Calvin-Benson-Bassham (CBB) cycle. Here we present an analysis of the validity of this assumption by progressively simplifying an existing model of photosynthesis and carbon fixation.