I would like to take a PAR meter to one of these places and measure what they are hitting the corals with. My buddy with a LFS had Kessel's hanging 24-30" above the corals in shallow tanks and everything was happy and growing just fine. I never did measure the PAR but I should have.
My guess is they run lower PAR than you might expect.
My LFS does some propagation of corals in the centers of their sale tanks and has lights up high, and all their corals always look great - torches, hammers, and so on, along with a separate SPS tank. When I rented out a PAR meter they showed me how it works on their tanks - their LPS and soft corals had around 100 par at the surface and 75 +/- 10 on the corals depending on location in the tanks. I asked about the SPS and these were around 150 PAR at the corals.
Not sure on exact spectrum, but they clearly run UV ramped up a little to get corals to pop.
I mentioned I see a lot of recommendations for a fair bit higher, they said in a lot of home aquariums people do run higher and get a bit faster growth, and many of their corals could be acclimated higher, but for them the bleaching risk was too high especially for short stays and new stock - a little low and growth is slightly slow, way too low and problems become apparent over time and you have a window of a few weeks to note and adjust position. Too high and you have a couple days before you’re looking at livestock loss.
Once home I tested with the PAR meter and dialed back my lights, base of tank from 125-135 down to 65-75, and everything down there (a couple of hammers, an acan, and some Zoas at the other end of the tank) look a lot happier. Only thing struggling is a torch if had under higher PAR and bleached, it’s hanging on and I’m optimistic will make a slow recovery.