Should be ok, it will grow quite slowly though. I had some in my 33G when I first started without CO2. I also had no idea about planting either and kept it in its pot. It grew quite well and even started carpeting from the pot. My lighting was 1 WPG T8 full-spectrum with reflectors at the time.
For the best chance of success separate the clump from its pot into 10-20 smaller portions and plant each portion an inch or so apart using tweezers. Do not shade either. A nutrient-rich substrate will help too.
Have you considered DIY CO2 or the Nutrafin unit? With 2 WPG you will certainly see better results and less risk of nuisance algae growth.