Sean,
Since you have an established tank and some experience, I think it's totally do-able. Go ahead and put extra bio media in the filters of your current reef to get them seeded with media. You can use this when you set up your experiment. You can also use live rock from your setup and even tank water to get ahead of the cycling issue. You can use something like Purigen to keep the quality stable for your experiment. This should also help you set up a control by keeping the water parameters from being a factor that influences growth, thusly measuring growth based on the variable (light spectrum).
-Good Luck