That Marineland double bright LED light isn't even close to giving as much light as a 4 bulb T5HO light. But, you also don't need even close to 4 T5HO bulbs over that tank, so it might work, but only for low light.
A 22 inch high tank is about the lowest tank that T5HO lights are appropriate for, other than single bulb lights. And, a two bulb T5HO light should really be raised about a foot above the top of the tank, assuming the light has typically very good reflectors, and that you want to have only as much light as you need.