I wouldn't think that would work. You will probably need a ton/acre of lime and maybe only 150 lbs/acre of fertilizer. Atleast that's common here in NC, I dont know anything about florida soil.

Yes, you can over lime an area. You need a soil test to tell you exactly how much lime and fertilizer to put out. Again, I'mnot sure about florida, but the soil tests are free in NC and SC, and in VA its only $7. Check with your localextension service agent to find out about your area.