08-29-2012, 11:10 AM
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Welcome to Tropical Fish Keeping forum.
Live plants have many benefits, so no issue there. And most will grow fine in gravel like you have. Laterite is not much of a benefit, I have tried it once with no improvement, so don't bother.
You will need decent light, and probably some fertilizatino in liquid form of a complete nutrient supplement. I can expand on both points if asked.
One thought though, on the substrate. No mention is made of intended fish, but some substrate fish may have issues with the gravel. Now would be the time to change. And adding the plants would not result in any cycling issues if you do.