120x120x200CM and I'm using canna coco professional plus (read somewhere it's good stuff but what do you think?)
Yep its good. You don't have to add perlite but it does help.
Water cloth pots slowly they tend to leak out of the sides if you throw it all in at once which may lead you to think you have run off when you havnt fully saturated the pot. You want some run off, it helps keep down any build up of salts and it draws oxygen into the root zone too.
Your nutrients will be fine, get a bottle of calmag because coco latches onto calcium, especially when its new.
I prefer to use coco specific nutrients which contain more calcium, such as canna coco A+B which you run for both Veg and Bloom periods.
You can re use coco coir many times.
Oh and just to throw my 2cents in on plant count and yield, 4 plants, 9 plants, 16 plants, it all works, just comes down to veg time, while on that subject I wouldn't veg more than a month in 11ltr cloth pots, probably not more than 3 weeks since the root system will grow like crazy, you can if you like but you will have to water more often. And (serious answer) on yield a pound is easy with that light and space provided you use your space well, much more than a pound is possible once you get used to growing with the equipment you have.