630 is the typical "red" and 660 is the typical "deep red"
630 is actually much more intense than 660. In my discussions with the plant-growth hydro guys, they told me that 630 outperforms 660 when growing plants, tree seedlings, etc by a long shot (3:1 or something like that) but when it comes to algae it does not appear that this translates. The issue might be the intensity. From what I've seen from hundreds of examples, getting even coverage is very key and LEDs do not do this well from a point source unless it is far away, one example being the multichip, which has to be further away to prevent photosaturation directly in front of the fixture, resulting in a 'sweet spot' where it works best, but too close and you get zero growth (or brown slime)
I would imagine that a 630 multichip would be even worse, unless you can dim it way down and get into the 'zone' where the intensity is just right. Historically though, anyone who has made a 630 fixture and then switched to a 660 fixture has concluded that the 660 fixture is much more effective. The kicker though is that they may not have considered the intensity factor, meaning, they were running both colors at the same current resulting in the 630 array being 3x as intense as the 660 array. We didn't really know this had such a dramatic effect until recently when it became clear that LEDs could output intensity levels that CFLs or T5HOs couldn't even get close to, resulting in screen that literally would not grow at all because the light was so intense.
All that being said, 660nm deep red is within the chlorophyll A band, and this is the primary red band that most plant life uses (high noon sunshine). The chlorophyll B band is more of a secondary band, which penetrates a bit more and is kind of like a backup for sunrise, sunset, and cloudy days where the A band is not as intense. At least that's how I recall it being described somewhere I read on the interwebz