You need to make sure you cure the rock before you place it in an existing tank. It could cause the tank to cycle if you don't. Not good for a stacked tank. Since your tank is stocked, and you have LS in it, why not just find a nice looking piece of dry rock and use it? It will become live is no time and will not cause a cycle. (I assume you are talking about the tank in your signature? 29gal biocube?)
I don't know for sure about the "correct" rock for corals. I have placed my two pieces on shelf Vanuatu rock. (Relatively flat and in a good flow area) Its only been in the tank for about a week but it looks like it might be starting to grow.