You will need to be careful with the molasses and FFOF. It acts as a nutrient accelerator (RT taught me that too... credit where credit is due). Good choice with the FFOF. I suggest bringing your pH up to 6.5 - 6.8 as soon as they root. The FFOF will help buffer your pH. I don't have any info on your light. I use LEDs and with the right ones you can definitely do well. You can go ahead and move the light right down once they've established their 1st set of real leaves. Be prepared to add some CFLs if the UFO isn't preforming as expected. Also, they don't penetrate the canopy worth a damn. Scrog or LST is the way to go. Are you concerned with odor because they are going to stink at some point...