The jusry is not out on clean silica sand - it does not dissolve , nor cause diatom blooms, else we could all throw our glass tanks away. The silicate in diatom skeletons is normally present in water by solution of silicATE minerals. FWIW the buffering capacity of CaCO3 sand in marine aquaria is trivial as the pH is too high to dissolve the stuff significantly.
However I still wouldn't do it as recycling sand involves tons and tons of washing, and it's always filthy at the end anyway......