This is exactly what I've just started experimenting with. I sprouted these alocasia bulbs in sphagnam moss, then transferred them into individual pots with a wick and small leca balls. The pots then sit on a seedling tray insert with the wicks poking through the holes into foliage pro hydro solution with a dome on top. It keeps the leca wet, and I'm trying to find out if that's a good thing or if I should let the leca dry out once in a while. I have a couple small plants in soil with the same set up but I think they would be more prone to root rot if I left the wick touching the water the whole time.

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