In general that light is not sufficient for anything more than lower light corals in a fairly shallow tank.. Its really "fish only" IMO..
You want to avoid fixtures with .5W LEDS and find ones with 2-3W or more as they have the power to penetrate deep..
If you want a cheap fixture look at the typical 165W black box reef led lights on ebay/amazon.. Viparspectra/Mars Aqua,etc...