Well that is a ton of food. What goes in must come out. If it isn't, nature will take care of it. That results in algae and cyano that you are seeing.
The wrasse and most likely the butterfly will need daily feeding, but not that many times a day. I would cut back to feeding once a day.
Adding a protein skimmer to the system will be of benefit to remove the wastes before they enter the nitrate cycle.