@Chris
Yeah, right now I just have an Aqueon planted light. When I set up my tank I was just going to focus on fish and didn't want to mess with coral. Now I want to get into coral, but two fish stores have told me id need a reef light to grow the corals. I would hate to spend the money on corals and have them die, so I think I'm eventually just going to spend the money and get a reef light.
I too have some macro algae in my tank that grow just fine with the Aqueon light, just not sure about the actual corals.