On my high light tank I have one light on for three hours, both on for three hours then back to one for the final three hours. You can develop a lighting regime to suit your own tank once you start to get a feel for how things are growing. Your best bet, at the beginning, would be to start off with reduced lighting, slowly building it up slowly over the first few weeks as a means of combatting early algae issues.
There is no real answer as to how many bpm of CO2 you will need, due to variables such as bubble size. I only use bpm as a visual indicator whenever I am adjusting CO2, which is pretty much never now that all my tanks are set up. It is the ppm of CO2 that you should concentrate on, with the bubble count being used as a general indication that you are increasing/decreasing CO2. Your target ppm for CO2 will be dependent on the light levels you are using, with 300ppm being the maximum you will need.
Dave.