You're going to get a lot of different answers on this one. Depends on the coral, your lighting system, the depth of your tank, and where you want to put the coral.
I always buy frags locally so I can see where they sit in the frag tank at the LFS. They usually don't respond negatively to being placed wherever I want them in my tank. Granted, my tank is fairly shallow at 16" deep and I don't have the option of placing them dead center under my lights because of my aquascape.
For example, I bought a sunset monti that was probably a good 30" below a T5/LED combo system at my LFS. I brought it home and put it about 15" below my LEDS but slightly left of center. It has full PE, and I'm not seeing any bleaching.
Another example though, I bought a mystic sunset monti that was growing on the bottom of a tall tank. It showed some browning as a result but when I brought it home and put it on the sand in my shallow tank, it initially started to bleach before recovering. For me, noting the corals' placement in its holding tank at the LFS is crucial to knowing if I need to acclimate or not.
So I guess just be smart about it. If you buy a frag from a dimly lit corner of an LFS tank and put it top center underneath metal halides, you'll probably have an issue. If you're ordering online then this is difficult to know, but I'd send an email/call and ask the vendor about it.