Thanks so much for your reply!

I'm glad to hear that my lighting should be sufficient for most soft corals. If I have a lot of success with this, I may upgrade my lighting to something more suitable for
Tridacna maxima because they really are beautiful!
By motile inverts, I did mean shrimp (I really like the Scarlet Cleaner Shrimp), Red and Blue Legged Hermits, and snails (Hadn't thought about a brittle star...).
Would a Catilina Goby be okay in the tank that I'm considering? I've read that even though they're generally found in temperate environments, they will thrive in a tropical setting...

As for the other fish, I was thinking about either a Flame Angel or a Banghai Cardinalfish. (I have read about the angel nipping at corals, though...)
There's about 20 LFS within 40 miles from me, and most of them have a large selection of cured LR. It usually ranges from $5.99-7.99 per pound, depending on the type. Fiji usually seems to be the most expensive.
Thanks again for all the advice!