IMO,
cutting back the light cycle is a temporary (at best) solution. The only thing it WILL do is stress your corals some.
Algae responds to light, true, but it also needs a food source to feed upon. if this food source is available, the algae will utilize whatever light they can get to grow.
But what happens while the lights are off? The nutrients aren't going anywhere. Sure, it might kill the lagae present at the time of the lights going off, but you don't think new algae is going to pop back up to take advantage of those nutrients?
All you will accomplish by turning the lights off is to delay the REAL problem, which is too high of a nutrient level. Algaes will feed off of Phosphates, nitrates, and to an extent, silicates (mainly). By limiting all (some) of the above, you will limit the algae growth without turning the food source (light) for your corals off at the same time.
Some possible culprits are any bio-wheels/balls/etc in the filtration path. Remove these slowly over a few weeks time to allow the bacterial processes to move to other areas of your tank. This helps to reduce nitrate levels, hence algae levels.
Try running a phosphate sponge. An iron-based sponge is more desirable than those made of aluminum simply because of the health of our animals in the tank. Soft corals especially can show negative response to the aluminum based products.
Add a deep sand bed to help remove nitrates. This gets nitrates (food) out of the water and trapped in the sand bed.
Rinse any frozen foods before adding them to your tank. If feeding flakes, rreduce this amount substantially. As mentioned almost every copmmercially-prepared food contains phosphates to some extent.
RO/(DI) water will help a ton in controlling phopshates and silicates by removing them from the source water, keeping them from entering your tank in the first place. Any serious attempt at algae control should start here, IMO.
Any of the above recommendations will help to reduce algae levels in an aquarium. What is best implemented and works best all depends on you and what you feel most comfortable doing, although each and every one are contributing to the overall problem.
-HTH-
Cos