Hey! Welcome to the best hobby in the world and even better, welcome to a group of fantastic hobbyists here in East Tennessee! I'm jumping in kind of late and looks like everyone covered all the basics for you and you seem to be on the right track for a successful reef! I read through all the posts and the one question I don't think I saw asked was, have you had a diatom bloom? The brown ugly crap on everything? Testing water is super important, but your eyes can tell you quite a bit about a tank, cycle, etc. Sterile rock, sand, glass, etc. added to an existing system or a new system will be the first to show diatoms, once the diatoms stop forming, there is active bacteria growth on those surfaces. So if you had a diatom bloom, then you have bacteria growth. It's safe to add fish slowly as the bacteria matures, or even a coral or two, as long as you keep up with water changes. Reef systems take as long as a year or more to fully mature, but after that initial diatom bloom, you are ready to start adding things...Slowly!
Like Jeff said, Bio-balls are fairly outdated. I purchased my first "wet-dry" sump in the mid-80's and I had a successful reef for years using Bio-balls, but they are not the best anymore, at the time, it was pretty much the only option available. They work, but it is something you should consider upgrading at some point. Lights are a VERY important decision. You need to consider what you want in the tank, your budget, etc. It's a very expensive hobby and there are many shortcuts you can take to save money, but in the end, you get what you pay for in this hobby. If you have money to burn, then do as much research on EVERY piece of equipment and make a decision you can live with.
Research EVERYTHING, equipment, tank inhabitants, water chemistry, pests, EVERYTHING!! If you do your homework upfront, it will save you money, heartache and time. The best advice I can add is to stick with inexpensive reef safe fish for a bit, watch as the tank ages, add some starter corals and as you learn more about the hobby, then you switch to more delicate corals / fish. You can always trade off / sell the starter corals / fish when you feel confident enough to take the next step. Also, it was mentioned in that awesome post earlier, "QT" or quarantine.... I'm a huge advocate for QT'ing fish and corals. If you start out QT'ing fish and corals you will likely always QT them, if you don't start out QT'ing them, at some point you WILL and that I can promise you. It requires patience, a little extra cost and yes, occasionally the loss of a fish or coral, but in the long run, it will keep your system healthier, with less headaches. I cannot tell you how many times I have purchased frags that had a nasty on it.... Especially bryopsis and aiptasia. It goes to show that there are MANY people who fail at QTing corals. It is so much easier dealing with a pest in a separate system, because once it's introduced into your main system, good luck.
Sorry for the book man, the hobby can seem overwhelming to new people, which is why it so important to read as much as you can. Also, not everything you read is going to be accurate, but here on these forums, I find that most data is top notch and the people here are always willing to help. Just use your best judgement when researching a particular subject and you will be fine. Am I still babbling? Haha, sorry! Keep us posted, maybe start a build thread and share your adventures with us! It seriously is the most rewarding hobby I have ever had. Been addicted to marine life for 30+ years.