I have been doing a lot of reading on this subject recently and concluded I had too much light. Look at my readings from my PMK.
Note the averages.
Before adjustments
After
The PMK is directly centered under my Kessil AP700, 10" below water, fixture is 8.5" above water, with two ATI Blue Plus T5s. Although I was getting ok color and great growth the adjustment seems to get better colors all over my tank and growth seems the same, in a good way.
I will be using this as a reference for others using the AP700. Which for me peaks at 50% for 8 hours and T5s for 10.