I've got xenia and a selection of riccordias that are doing fine under 18 watts of light. They are in a 3 gallon tank and very close to the lights(4-5"), so you might need to keep your corals high on the rock work. I don't get near the growth rate I do with the halide lighting on my other tank, but they are growing and splitting. The 40 watt is probably a better choice, but more light typically is.