True lava rock is siliceous, based on silicates. You do not want to introduce a silcate based product into a reef tank IMO (most would agree). With that said, I recommend aragonite sand but know folks who have used silcate based sand in a reef tank.
It is kind of like having lead paint in your house. Can you live around it and not die? Sure. But let a small child chew on a painted window sill and you have a BIG problem. Not unlike the RO/DI water debate. Do people have successful tanks using tap water. Sure. Do they have a higher risk of adding a toxin or metal into the tank? Yes.