ask yourself this...
whats the purpose of a reef rack?
to allow flow under the rocks and stop detritus that would otherwise sit under the rocks and kill (suffocate) nitrifying bacteria that lived there.
next question, is there sufficient water movement in the tank itself to provide flow under the rack? do you have a spray bar under? if not, then detritus will lie under the reef rack and eventually act like a dsb. that dsb will end up crashing (likely to be years down the line but it will happen) I was speaking to Nick the other night from the side of his tank he can see about 4 inches of crap under the reef rack! (no closed loop) How quickly this happens depends on your maintenance, whether you have closed loops and whether you have a BB tank or not. I can see areas under my reef rack where flow from the spray bar doesnt reach, a build up of crap (not much yet, but you can see it starting!)
I tend to agree more with reef on this one, there is not enough rock really to worry about a reef rack. So long as the rock is sitting on the tank bottom and not the sand should be sweet. Even a 2" high reef rack would be good but not too much point if you dont have decent flow under it.
I think it looks awesome (similar layout to cookie's), just another thing to be aware of make sure there are enough hiding places for the shy fish!