You're definitely going to lose some of the biological filtration when you remove the rock, but from the looks of the tank you don't have much of a bioload right now. I don't see any fish and just a few corals.
If you're able, it might be best to move this existing rock to one side in the tank so you can make room for the new rock. Then let the tank run with both for a while and slowly remove the existing rock a few pieces at a time over several weeks. That way you're giving the new rock time to populate with beneficial bacteria and you're not drastically reducing the amount at one time.