Sorry, I'm not familiar with that particular light. Can you provide a link to it, maybe from where it was purchased? Happy to try to help but will need a little information.
Alright, I couldn't get the link to work, but I think I have the basics after an eBay search. In my humble opinion, the light will probably work for your softies (your frogspawn and zoas). But at what appears to be only .5 watts per LED, it's likely not strong enough for more light demanding corals/species (SPS, clams, anemone, etc).
So if you stay with the types of corals you already have, you should be fine. Again, these are just my opinions based on the fixture I think you have.
There are some "black boxes" as they are referred to on Ebay. They are LED units that a lot of folks use and have pretty good success with. They won't break the bank either. Here is just one example.
Also, if you have a Reef club in your area, sometimes you can find some good deals there as well.