I've been told that you can do it in as little as 1 day, but most do it over a period of about 2. There shouldn't be any effect on the biological filtration. Not sure about coraline, but I wouldn't think that the coraline would be affected. Also be sure that you have no inverts, or corals in the tank. Shrimp, crabs, snails, etc. Most people do this in a q-tank so that there inverts and other livestock will not be affected.