blues reach deeper because of their wavelength.
Others cannot penetrate as well thus one of the reasons some corals thrive in shallow water.
Please indicate where this is incorrect?
Above you mentioned corals from deep water "liking" red (and blue). Ron was pointing out that it's not natural for deepwater corals to get ANY red light. I don't think there was any debate about the blue part.
It's really hard to have deep, meaningful discussions on this topic without covering the basics, first. What are your goals? Growth? A specific coloration? Natural color and natural growth? Some mix of the above? Our tanks rarely mimic nature closely in terms of growth rate and coloration, and the differences in lighting are probably a major factor in that. Almost every single reef tank includes mixes of specimens that wouldn't be near each other in nature, which makes it hard to even consider mimicking nature in the first place, much less targeting needs of specific corals - for instance, trying to give a deepwater specimen a bluer spectrum than a shallow water coral is impossible when they're inches away from each other.
The good news is, though, that none of this seems to matter. It's pretty easy to follow the typical formula and get the typical results. Broad spectrum light is "safe" because it is broad. Mixing your own blend of monochromatic LEDs can certainly work (hint: go heavy on blues, don't use too much red, and spend some time looking at the spectrum covered under PUR and PAR) but it's harder to get right, AND it will usually result in coloration that's different than what most people would get in a typical reef tank. Different doesn't mean bad, though.
Which brings up another topic - when people talk about coloration of corals and appearance, it's important to separate color due to the inherent biology of the specimen, versus color due to reflected/fluoresced light. It's possible to trigger biological changes in a coral (for instance, browning one out) that change appearance, and it's also possible to change the appearance simply by shifting the spectrum (for instance, causing a colorful coral to look brown and washed out by cutting back on the spectra it reflects/fluoresces). Blue light is good for coral growth but it's also one of the primary spectra that causes fluorescence so it's good for appearance, too.