The kelvin rating is an attempt to describe the color of the light spectrum emitted by a particular bulb. The higher the kelvin the more blue the bulb. Although it's true that blue wavelengths penetrate water deeper than red/yellow wavelengths, I don't think it's correct to say that higher Kelvin bulbs are necessary for deep tanks. I believe it is more correct to say that taller tanks require a higher light intensity as measured by wattage, lumens, PAR or something similar if you're concerned about plant (or coral) growth.
10,000K is considered the "daylight" bulb for SW folks who traditionally like a more blue look for a variety of reasons. Coral/Fish colors appear more natural under this type of lighting and flouresence is increased with lighting in the actinic wavelengths.
6,500K bulbs are often referred to as ultra daylight for freshwater. I think they give a bright white light with a slightly bluish tint. IMO, colors in freshwater tanks look best somewhere around 6,500K.
In the end, its personal preference.