Mg 0.14-0.14-0.14

my plants are outgrowing their pots quickly and id like to transplant, i have a bag of miracle grow 0.14-0.14-0.14 (N-P-K) i heard that time released nutes are bad but since its such a low % can i use this??
currently they are in crappy backyard soil and it has poor drainage cuz no perlite
the soil i have has perlite in it as well and im planning on mixing in some more hydroton pellets
what oppinions do you guys have here at RIU??
please let me know as id like to transplant them today if possible

i did a google search again and lots of people are having problems with miracle grow but its always 20-20-20 or 15-15-15...i didnt see any mentioning problems with 0.14-0.14-0.14 so i transplanted and im ganna wait a couple of day before watering again with just ph'd water and next water ill add nutes acordingly and see how they hold up
any sugestions or comments are more than apreciated
tell me how to give you guys rep and if you give some good info ill give you +rep

transplanted a few days ago and they seem to be doing well. i had a question tho, my normal watering regime was water until water is coming out the drain holes and then leave for 3 days, and i nuted every other water with GH flora nova grow. i was told that with MG soil you shouldnt soak the soil...is this only cuz of the time release nutes or does it also fuk up your drainage with the soil?? currently i water evry other day with one cup water but wooks like they may need watering daily if im not soaking the soil when i water... please help me
it also looks like i have a bit of a N diff cuz the lowest 2 leaves are starting to turn yellow

go easy on the feeding with mg shit is hardcore

my plants seem 2 be doing great, i dont think that my soil will be a prob with nutes seeing as its a low %
i dont want to go and water these guys like my old ones (water until water is coming out drain holes) cuz i heard its bad for the soil but the plants look like they will need daily water then...i guess ill just have to look out for over watering
thanks for the response cadillacjack81 they are holdin up will in this soil