inert yes, but part of being inert is that it pretty much doesn't do anything for anything. I know in SW tanks, it can be bad because the aragonite sand is gentler on gills (for sand-sifting fish) and it helps keep the pH up.
If you want to, I've got about 4 gallons of silicate sand in a 5g bucket. previous owner of my 55g SW tank had it in there, I swapped it out. bring a bucket to replace the one the sand is in and it's yours free. if you come monday, you can witness 'the move' to my new 90g tank.
It'll be in need of a good rinsing, but you can't beat free!
I think it'd probably be fine. realistically, the tank I have was doing fine when I got it except for some serious maintenance neglect, so the sand was probably fine. it had a couple clowns, a blue tang and a few soft corals that were all happy. I don't know about your plant situation, but again...free (just bring an empty bucket) is a good price.