P. cyaneorhabdos will be fine with yellow labs etc, especially in a tank that size. I kept them together for years in a much smaller footprint without any major issues.
http://www.cichlid-forum.com/profiles/species.php?id=756
I agree with the species profile of mildly aggressive.
I have had a different experience with them, albeit in a pretty small tank. It may be just fine in a 150, just said I personally would choose a different species.