Plexi-glass is actually 7 times clearer than glass. That is why when you look into a plexi tank that it almost looks 3D like the fish are going to come right out to you. As far as cutting out the light spectrum I don't believe it will but someone might have more knowledge on that then I do. As long as you keep the salt cleaned off of it I would believe that it would be good protection for your lights.
Kirk
Kirk