Robbing a bank is the only way to achieve what I want. But that doesn't make it right.
If the voltage exceeds the rating of the switch, it will not be able to extinguish the arc caused when any electrical circuit is opened. The higher the voltage, the greater the distance required to extinguish the arc. Long story short, it could easily cause a short circuit that could trip the breaker causing your tank to lose power for an extended period of time thus crashing the tank. But more importantly it could cause a fire.
The proper way to do it would be to use two ballast and switch the 120 volt supply with a 120 volt rated switch.