I suspect that using actinic lighting has to do with increasing the amount of light at the blue end of the spectrum, as well as outside the visible spectrum (on the blue end - UV), providing a balance of light that would be much closer to what would be found underwater in the ocean.
Adding blue light does tip the scales by increasing the colors from the blue end, giving the same net result as having the red end get absorbed in nature. The ratio of blue to red becomes more in line with what it would be underwater in the ocean. This is probably why actinic is so beneficial to certain corals. The deeper the coral is found in nature, the higher the ratio of actinic to full spectrum light would be needed to duplicate the spectrum the coral is accustomed to.
I can't understand the rationale of adding blue light for penetration, since that's what penetrates best anyway. Besides, we're talking about light coming from straight overhead into very shallow water. Anything less than 4ft is insignificant to the visible spectrum. The corals would be getting way more red-end light than they can deal with when compared to the amount of blue-end light.
Knowing the depth at which a coral lives in nature can give us insight as to how 'blue' we need to make the light for them to be happy and healthy. Here's how it works...
Light is absorbed and lost to refraction in sea water starting at the red end of the spectrum. At about 7ft, the infrared part of the spectrum is gone and red is fading fast. By the time you get to 33ft, red is pretty much gone. Yellow drops out by 75ft. I cut myself at 60ft one time - I bled green. (Greenish-brown, actually) Below 100ft, there isn't too much light, something on the order of 7-10% of what's above the surface. And when the sun is at a lower angle, it's dark down there long before it gets dark topside. Everything down there is shades of bluish gray. It gets really eerie below 150ft, and is pretty well dark (1-2% of surface light) at 200ft or so, even at noon on a sunny day. I didn't want to stay there long, it was pretty creepy knowing that there were many things living down there that could see me much better than I could see them...
<Disclaimer: Yes, I have been down below 200ft a a number of times. This was done on surface supplied/tended mixed gas. DO NOT TRY THIS unless you are specially trained and have the proper equipment. If you try to do this on SCUBA gear you will either run out of air or die of oxygen toxicity. That is, if the Nitrogen Narcosis doesn't get you first. PLEASE, don't try it.>