This has been heavily debated for over 20 years.
General consensus seems to be that corals are good enough using light that PAR is good enough, with something around 420nm optimal, near UV (e.g. 380+nm) being useful and greens and yellows less useful than red.
My personal opinion is near UV is useless, 400-500nm being useful with 430 being optimal. Green/Cyan won't help growth but can help with the 'Windex' look and make the tank look much more natural, but also makes it less colorful. Red can make fish and coral look a lot better, but is possibly harmful and definitely not helpful for coral.
I've been DIY-LED for almost 10 years now. When this first became an option, people recommended just using Royal Blues for growth, adding Cool Blue (450+nm) to balance the Windex look, and Cool White to see fish and other colors - as that was pretty much the only choices we had. Now there are tons of choices, and I've experimented with most of them - but I keep coming back to that original mix of 3 as the best (actual, using less warm or neutral white is IMO better looking than more cool white, but not a huge difference).
I personally like the all actinic look, especially in a small tank with the right corals that look good. But this is not for everyone, and I do have closer to a 12k look in my tank now. I will probably go bluer next time I make changes.
IMO corals react the same to MH, VHO and other lights - it is only the amount of photons and spectrum that matter. Of course, some people with very successful tanks will debate this on end, with people who swear only MH can grow the best looking SPS, VHO somehow glows better than LEDs, etc.
Bring this up next time time you are at a frag swap and you may start a fist fight.