a spawning event could be a very bad thing, depending on the size of the event. if the event is big enough it could start a chain reaction that could lead to a crash. that is a lot of volotile bio-mass all of a sudden dumped into the system.
but on the whole most people only want moon lights to view their critters at night. they also tend to use lights that are way to bright keeping thier critters up all night which can lead to psycho fish.
if you do decide to use one for viewing is suggest using red. a much greater chance that it not be seen by the critters and keep them sane. i know that it does not look "natural", but then again a moonlight not on a lunar phase timer with intensity control is about as far from "natural" as you can get.
G~