Not quite like the neon tanks that a lot seem to keep these days, but the natural reefs have beauty beyond compare
Keep in mind that corals can absorb light across the full light spectrum with various efficiency, with blue light having the most absorption. Also keep in mind that photosynthetic pigments themselves
do not change across different types of corals, only which ones are present and in what amounts that are within the zooxanthellae. PCP (complex of four peridinin and one chlorophyll a molecules) alone extends the 'efficient' absorption of chlorophyll a well beyond the 430nm spike/dropoff.
Absorption at 530nm is as good as 450nm, and that is only two pigments - corals typically contain several more, but at the very least all have chlorophyll a and peridinin, I've never seen data that says otherwise. Looking over the data that is available (and most of it from the 60s) throws what most people think of PUR out the window.
250 PAR is nearing the limit no matter what light source. You can get away with more PAR from 'white' light sources due to decreased absorption efficiency in higher green and red, but not much more, and it is a waste of energy to have too much.
FYI, a lot of the 'deepwater' SPS out there are collected on or near the reef crest. The term is a misnomer. There are deeper-collected Acropora (down to around 15m or so), but they aren't as common as the name 'deepwater'.
20K is also a made-up number. Anything over 8,000K is extremely difficult to measure, and since there is no standard, you can call any light any Kelvin temp and you would be 100% correct.
The main issue with people overlighting their tanks has nothing to do with white LEDs - it has basically everything to do with packing the light with LEDs, throwing tight optics on them, and then cranking them up until they look as bright as the previous lighting. With tight lenses, you can go from 100 PAR to 600 within a few inches of horizontal space at the same height. Corals do far better with distributed, even lighting than they do with such extreme point-source light.
Most corals also never see anywhere near the amount of total light they receive in the wild nor the spectral width, yet they don't suffer from that, nor the lack of particulate food and prey, etc.