Sand blasting sand is most likely Quartz sand (Or silica sand). While not proven to actually harm the tank, many people stay away from it because of it's purported myth. A real world problem with using it, is that it is not easily obtained pure. The brown in that sand is about 2% dirt or "other". Quartz sand is pretty white.. or at least it should be in a more purer form.
The benefit to using aragonite sand, aside from it being natural to sea critters in most places (Especially a reef!) is the same as rocks... it's minor role in buffering the tank.
I would recommend using aragonite, as a product it's usually intended for a reef tank unlike Quartz sand... which is made for many other uses.