The only time I worry about dealing with the string algae is when it gets thick on my waterfall. It will literally divert water out of the pond, much like an ice dam will if you don't watch it. We had a TON of string algae this year - I pulled it off by the armload. I think our warm winter was responsible for that. I just throw it around in the garden as I'm sure it's loaded with good nutrients.
Here's my "greenscape" before I started yanking!
Here's my "greenscape" before I started yanking!