I know (from past experience when freelancing) that some clients just want the "AO look" even though Corona is already calculating realistic lighting.
One thing, if you are applying AO to your entire scene, usually easier to add it as a render element. Corona menu, Multipass, check Enbl to enable render elements, add a Texmap, and add the Corona AO into that, then can blend the AO pass over the image in post. As a note, this doesn't work in the current beta, but did work previously and will work again :)
On the albedo, yes 100% albedo is a bad thing, can slow rendering etc. - you can use Multipass to check that too, add an Albedo pass and any problem areas where albedo is too high will be highlighted in red.