You're definitely going to kill living things directly in the path of your effluent. The sodium hypochlorite will eventually outgas Cl2, and be a solution of chlorine in seawater, and then outgas some more, and become a NaOH solution, which is also out of the pH range of many living things. You could neutralize the NaOH with HCl, except ... where will you get it?
On the experimental scale, this is probably a reasonable dilution to make in the ocean. But at any sort of semi-practical scale, you have a serious environmental problem on your hands. Even a small home scale will greatly affect the local enviorment, and people will notice a suddenly algae free stretch of beach.