Oh man Steve thats a question with a long tale, lol and really two seperate things.
I am not sure I understand, I have a higher amount of PAR going into my tank than most, but yet I am only 1/6 to 1/4 of that put out by the sun
Every coral has a point of deminishing return, to where it will stop its photo.. cycle, it doesnt matter if its in your tank or out in the wild. This cycle is base more on the zoox and how much it sugar (keep it simple) it is processing. So an example would be that with stronger light the cycle and point of deminishing return is of a shorter period. See if you can do a search on Dana riddles work on this, he had some great graphs and studies on it.
On the color thing, that is kind of a different animal. Zoox are not restricted to nutrient/food source just from light. Nutrients are absorbed through the tissue of the corals and made available, also the coral returns some nutrients as part of the photo... cycles to. In the case of less zoox = nicer colors, this is but one factor.
Low nutrient is a biggie, nutrients fertalize zoox.
The presence of the pigments are another.
UV is another (promotes protectorant pigments)
Color of the bulb, plays a big part.
Mike