You're talking about different things.
Elemental PPM has nothing to do with the PPM unit of meaure that is used when discussing total dissolved solids ("TDS").
TDS, when expressed in PPM, is a mathematical a conversion of the electrical conductivity of the solution being tested. When PPM is expressed using the 500 scale, the value indicates what value electrical conductivity would be if that the solution were sodium chloride; if the 700 scale is used, it indicates the electrical conductivity if the solution were based on potassium chloride.
"elemental PPM" indicates the PPM of the 17/18 chemicals that are used to make up a given fertilizer. If you look at the back of a pretty bottle of nutes, they will list the minimum guaranteed content of the fertilizer. Those percentages are used to calculate the elemental PPM's which is how nutrient mix ratios are expressed.
A given fertilizer may have an elemental PPM of, say, 600. When that fert is mixed, the TDS will be higher because PPM does not
measure the number of parts per million. Per above, TDS is
calculated based on how much current passes.
PPM is useful as an indicator of nutrient uptake but what's actually happening in a res is hard to nail down. The different chemicals in ferts are taken up at different rates (some in a few hours, some take days) and they impact EC differently.
Anyway, there is a vast difference between "elemental PPM", which is used to calculate the components of and the overall strength of a liquid, versus "PPM" as the unit of measure used to express a calculated value based on how much current can pass through that liquid.