It is difficult to answer your question properly without knowing more. If you mixed the salt water up in a separate container and then you got your readings I would be incline to believe that the salinity meter was off, or your salt was not so good.
IMO, BTW, in the long run there is nothing wrong with using artifical salt water. I've had pretty good success for 8 years now with Instant Ocean.
I'm guessing however that you mixed up the water either outside of the tank or inside of the tank and are now getting your readings directly from the water in the tank. It sounds like your tank has a lot of new, clean, nearly sterile sand in it. It is well known that the very clean surfaces of fresh calcium carbonate sand can pull calcium and alkalinity out of the water as it precipitates on the surface of the sand, in some cases cementing the sand together into a giant slab.
>Is it normal for the pH to rise quite a bit and them drop back down some after adding part 1?<
If the alkalinity of your tank is low (and it is) it is not surprising that the pH would swing a lot.
If I were you I'd get a bunch of sand (at least a few cupfuls) from a local reefer's well established tank and spead it over the surface of your sand bed to kind of get things 'started'. Then start adding some life, be it live rock, or some hearty coral like mushrooms or something. I would not try to boost the alkalinity too much while your tank is quite so sterile, as you might end up with a solid slab of sand. Adding natural seawater would also add some 'life' to your tank for the short term.