No rules in the books that say you can't ... just keep an eye on it ... if you see it's getting burnt you are going to have to move it ... Hopefully it works out for you ... if not ... there is always the marketplace.
I have 15o mh as well as Bubble coral I I found that it will do better lower in the tank! but that worked for me! I glued it down low to the side of my reef I didnt want it in the sand!