I'm a marine biologist. In answering your question it may be difficult to give a truly appropriate response. Although you state that there are fishermen in the area but they fish the outer reef, I do not know if there was any fkshing history on the inshore reef you refer to. If so, the fish population may be slightly depressed. If not, the reef may be at its carrying capacity already and providing more food artificially may actually shift things so the fish eventually over populate the natural capacity of the reef. If so, what happens when the artificial feeding stops?
Also, I've seen situations here on my island where artificial feeding has enhanced certain species only (ones that accept the artificial food being offered) and create unbalanced fish communities. That could also be an unwise result of artificial feeding.
So the OP is on better grounds building up marine habitat for the existing fish then, Dr Bill?