I've got a Sarcophyton Elegans which looks like that. Its regularly called a Yellow Fiji Leather or Yellow Tongan Leather. No special requirements. I had it under 110 watts for about a year and it was fine before upgrading to MH. No target feeding.
Here's mine:
Here's another pic from a website. See last image:
http://reef.esmartweb.com/softies.htm
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