Bottle Bacteria's work great.
Yes you can seed it with LR from an existing tank, but with the positive bac that comes with the LR it also brings any issues the seed tank had. Bad bacteria, Parasites etc. Better off to just use bottled bacteria or a live sand like CaribSea OcenDirect. All the tanks I used this same Caribsea Base Rock that was in this sale, I would setup the scape I want with it then add CaribSea OceanDirect Live Sand. Tank is completely ready to go at that point. I would add fish on day one. I set up 6 tanks like this and none of them had any cycling issues. You are better off sticking to one bacteria source and not to try to stack them. If you will use live sand for your bacteria than use just that. If you use bottle bac, use just that bottle bac don't mix different types.