Hi Kelly -
A good aeration system properly sized for your pond will help to elimate the muck and help control plant and algae growth. By introducing oxygen to the bottom of your pond, aerobic bacteria as well as other benthic organisms will be able to exist and eat away at the organic matter that has accumulated over time. Aerobic bacteria grow and eat 30 times faster than anaerobic bacteria. During this digestion process, CO2 is formed and if properly aerated is pushed up to the surface and released into the atmosphere. If the aeration is not adequate, the CO2 will be mixed into the water column and along with water and sunlight will enable aquatic plants and algae to thrive. Plants also need nutrients such as iron, phosphorus, manganese and nitates. Oxidation limits these nutrients by changing them into their insoluble state therefore rendering them unavailable for plant consumption.
The amount of muck reduced is an unknown at this point. I do know of a large lake in Michigan which is measuring muck reduction since they installed aeration last summer, but I do not have the results yet. The main thing is to find an aeration system that will circulate the entire volume of water in your pond atleast one time per day. Once adequately aerated, all the benefits of a healthy pond will come along.