Howdy Dalbrecht! The trouble with laterite is that, if it gets exposed to the saltwater, you can expect some cloudy water that will practically never clear. When I tested it it seemed that saltwater sped up the process of liberating iron or other molecules from the laterite and I would get bright orange hazy tanks for weeks.
If you go for it pack the laterite at the very bottom of the tank and be careful when planting or pruning new plants in the future. I tried Schultz aquatic plant soil, Florabase, Fluorite. The dark colored (black) plant gravels in freshwater seem to be okay, Tom Barr has suggested using Seachem's Onyx sand in saltwater tanks before, there is also EcoComplete from Caribsea to consider.
>Sarah