Connecting a container such as a tank to a rate combinator will indeed give ridiculous numbers. It will assume that the value received on each tick--that is, the contents of the container--is a separate event. So for a tank with 1,000 units of fluid, it will report 60,000/s, since it thinks 1,000 units of stuff is "happening" on each tick. You probably want to use a gauge combinator in this context.
So far as I know, there is no good way to measure the rate of fluid flow in a given system. Unlike with belts, there's no way to "pulse" when a unit of fluid enters a given pipe segment, for example.