Good question. If the fixture has individual reflectors for each light, probably.
There is some debate whether you can keep high light demanding acros and clams, but if you keep them up off the substrate you greatly increase your
chance for success.
goonter..The wattage issue that you have does not trouble me as much as whether the lights have individual reflectors. The reflectors greatly increase the intensity of the light going into the tank as other people have also noted. Just one person's opinion
Ditto.... I believe you can keep most anything as long as you use individual reflectors and IMO Parabolic would be the best. As mentioned some extremly high demanding sps and clams may need to be up higher on your LR shelf but I believe you can house them.