Hi there,
My advice to you is to get as much live rock as you can afford, and top up with dead rock. Over here in UK Live rock is unbelievably expensive so I have about 20lbs of it, anf 40lbs of dead. The dead was much like yours, in a bucket for 6 months from previous set up. Make sure you boil the dead rock to remove all impurities and anything you dont want on there. Then, within a year or so they will be live.
Have you considered a deep sand bed? I have just converted to one of those and they are a very good idea for the long term. All you need is 4-6" of sand (preferably all live) and it will in time become a natural filter.
To your original question, yes it should be ok for your initial cycle, as if you add too much live rock after it has cycled, you may cause it to spike, although you wont with dead rock.
Let me know if i can help any more, all the best,
Tim.