Its totally fine once fully cured.
It just hasn't been "tested/certified" for underwater/marine use but that doesn't mean it won't be fine.. Just means they don't have the paperwork to back it up..
Any 100% silicone product will be "reef safe" once fully cured.. Some take longer to cure..some are neutral cure vs acetoxy... some bond/adhere stronger than others but all are "reef safe" and can be submerged..