@alfpiccolo
No, that is way too simplistic of a statement, and I'm not going to get into too much detail in this post. Corals can certainly benefit from non-blue spectrums. Some spectrum areas are obviously more important than others but that does not mean corals can not utilize those wavelengths. While the deeper blue and violet ranges may look dim to our human eye, they certainly are utilized a great deal by corals, but this does not mean blue is for growth and other light is for visual appeal only. Additionally, some spectrum ranges such as the red might help in coloration of certain corals that all blue spectrums may not bring out (note: kessils older lights do not have specific red LEDs but their white LEDs will have all spectrums in it so you get blue, green,red spectrum etc.. from the white LEDs in the fixture).
The kessil logic is designed to provide you a range of spectrums that will grow corals. The 40% color setting still has all the same blues on that it does at 0% color but is simply adding in more of the white LEDs so the overall tank color blends together to look less blue. As such, the 40% color setting would probably provide more growth over time than the 0% setting but there are so many other factors affecting coral growth besides light that I wouldn't overly focus on just light. With the kessils, I'd just pick a color setting I like the most and use that for the majority of my viewing time. Personally, I'm not sure I'd run my tank at 0% color all the time as there is virtually no whites / non blue spectrum with that setting. However you don't have to worry about trying to hit various color % just for the sake of it. For the most part you can simply pick the color you like and just focus on the intensity setting. If you want maximum par, this is usually around the 50% to 60% color setting. But par can be over rated and shouldn't be the only focus. It's more important that you are simply in a proper par range for the corals you are keeping, and most corals can handle a wide range of light. If you're keeping lps or softies, you won't need much par at all. If you're doing clams or acropora, you might need to focus on par more to be sure you are providing enough.
For my kessil lights, they are usually around 25% color because that's what I like, but I have T5s providing the majority of my par and I have a couple of full spectrum bulbs, so I know I am getting some spectrum in all the critical areas.
Hope that helps