Yes but HLG doesn't provide cutoff to my knowledge, while the ELG does (they each cost 45USD) - So about 150USD for the setup + the refugium
63USD for one HLG-240H-36
IMO in your scenario neither HLGs nor ELGs are cost-effective. I'd consider a 48V PSU up to an HRP-600-48 and combine it with one LDD-1000H per each 3-LED-line. In a freshwater tank in my office's waiting room I run an HRPG, which furthermore provides a 5v-line to power my controller.