We have in the past, but you really have to change your feeding habits or cyano is a probability. We haven't really got that down, so we backed off making another batch for now. It's not hard if you have a grinder of some sort, otherwise a food processor or blender can do the job.
Oh, I missed your question. It works well, everyone gets fat and happy, and generally the corals will respond better, especially if you are spot feeding them. They love Rod's, that's for sure! But we would put oysters, salmon, vitamins, and a whole bunch of other stuff too (garlic, selcon, etc) in there and the fish went crazy for it. But the cyano was such a PITA that we haven't made any in a while.