I have egg crate under my LR, but it's elevated above the sand on PVC pipe legs. Along the edges that show, I've put smaller rocks on the sand to hid the edge of the egg crate. It's only 1 to 2" above the sand.
Advantages are more sand for animals that like sand, wrasses, sea stars, sea cucmbers, snails etc. It also allows for water flow under the rocks and better flow at the sand, therefore less issues with cyano bacteria blooms. It protects the bottom glass against heavy rocks and sharp rock edges. It alos provides more LR surface for good bacteria and places for good sponges that don't like light to grow.
My tank was put together this way 5 years ago and I've had no issues with it at all.