Hello Algaeboy, fitting name…
1) Not really. The LED is a single device with 7 emitters on one dye. We are limited to the wavelengths that the manufacturer supplies on a single device. HOWEVER, since there are 7 LEDs in there you can potentially approximate a 4500k spectrum by adding together some combination of them at different intensities. I am not sure how close exactly you could make it, but if you have some reasonable spectrometer you can probably do some fiddling and get it fairly close.
2) In our lab we grow Cyanobacteria and Algae, but this is not a major focus of ours so I couldn’t tell you the limits of applicability (e.g. what conditions/systems WONT work). I have also heard of others working with both these. Are there particular species you are looking at with some uncertainty?