When I first started, there were some rocks with shrooms and zoo's on them purchased as regular live rock. They've cycleing without any problem. Not sure if I would try it now, knowing just a little bit more on the hobby.
You probally won't have much of a cycle if you even have a cycle. If you've taken live rock from an established aquarium and bio-balls from an established aquarium, your nitrifying bactera is fully present. If anything you're probally just have some bacteria die-off till it reaches the equilbrium of your bio-load.