From my experience, you should only bottom water as seedlings.
Once the seedlings get their true leaves and become young plants, they should be top watered. Top watering flushes out any unused nutrients and salts out of the soil.
Since your use a mix that contains two ingredients that tend to hold a lot of water (peat and vermiculite) I still tend to lean to over watering.
One of the problems with over watering is that it causes a condition known as Nutritional Lockup where plants cannot take up and use nutrients.
Now a problems with bottom watering is the soil at the bottom of the pot can be extremely wet but the soil at the top of the pot is dry so when you think your plants need watering, I would lift the pots up and see if it is light or heavy if the pot feels light in weight, then it's time to water and if it is heavy you don't water.
When you do water, I would recommend that you top water just until water comes out the drain wholes at the bottom of the pot (don't let water sit in trays under the pots).
As another recommendation, I wouldn't use a dry fertilizer while the young plants are still in pots, a better option would be a liquid fertilizer.