For limited budget, growlight LEDs would be great. Many people have great success with those and two of those over your tank will be a blast. I don't know much but as far as I have heard, these fixtures are no good for corals above, possibly LPS. For that price point, I personally wouldn't buy it. Like Steve already wrote, it has 24 LEDs over 48" while aisols have the same amount of LED for 24" coverage.
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You wouldn't want to see my tank. I don't use fancy equipment and I am a noob 
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