As I understand it, and I'm not an expert, the zooxanthellae in corals need the high PAR of midday for 4 to 8 hours. They can't start photosynthesis until the light gets bright enough. And then it takes about an hour for the process to really get going. The zooxanthellae can only do photosynthesis for a somewhat fixed time frame, like 4 to 6 hours. So midday light for more than about 8 hours doesn't help with photosynthesis.
However, corals do develop pigments based on how intense light is, what spectrum it is and how long it's exposure is. I have green zoas that I collect in the Florida Keys and under higher PAR in my tank they morph into pretty blue zoas over about a month. Lower the PAR and over time they go back to being green. And while they are blue they open and grow just the same as their green relatives that are at lower PAR deeper in the tank.