A TDS (Total Dissolved Solids) meter is just a conductivity meter with a calibration to read conductivity as total dissolved solids. Conductivity meters are also sold with a slightly different calibration to read out as % salt in the water. The conductivity is "mainly" affected by dissolved salts, and only slightly affected by the DOC level, in most pond waters. There are exceptions for sure to any generalization about ponds!
ORP does more directly measure DOC content. But the ORP reading is affected by many variables, to name a few:
1. DOC content, higher ORP readings mean less DOC content, if the ORP reading is below 150, the DOC content is really too high to be healthy for the fish.
2. pH value, higher pH gives lower ORP readings, lower pH gives higher ORP readings. For example, dropping the pH from 8.3 to 6 without anything else changing but pH increases the ORP reading by about 100.
3. Temperature, lower temperature gives higher ORP readings, increasing temperature from 50F to 85F drops ORP reading by 50 to 75.
4. Lack of routine cleaning of the ORP electrode gives a slow drift upwards to the reading from the meter, if the probe has not been chemically cleaned for over a week, the usual behavior is the meter is giving a false high reading by about 100 points.
Your koiphen chemist and environmental scientist.