Here's a link to UV photoinhibition:
http://www.advancedaquarist.com/2004/8/aafeature
Violet, blue, green, and red light can definitely cause photoinhibition if intensity is high. Xanthophylls can absorb light (roughly 400-475nm) and shunt it away from the photosynthetic apparatus. Two xanthophylls in particular play an important part and protect zooxanthellae: Diatoxanthin and Diadinoxanthin. Note these pigments do not absorb red. Too much red light will cause reduction in photopigment content or zooxanthellae population. Just how much red light causes this is the matter of debate.
I'm back in Hawaii and will soon start experiments with light and its effects on zooxanthellae chlorophyll content. We know for sure too much red light is destructive. What we do not know is how fixtures with added red light (such as Radion LED luminaires) affects corals and their symbiotic algae.
Re: Fluorescence. Any of the violet/blue LEDs produce enough excitation to showcase fluorescence, but this effect is washed out by other portions of the spectrum.
For those so interested:
Kinzie, R.A. and T. Hunter, 1987. Effect of light quality on photosynthesis of the reef coral Montipora verrucosa. Mar. Biol., 94:95-109.
Kinzie, R.A., 1993. Effects of ambient levels of solar ultraviolet radiation on zooxanthellae and photosynthesis of the reef coral Montipora verrucosa. Mar. Biol., 116:319-327.
Kinzie, R.A., P.L. Jokiel and R. York, 1984. Effects of light of altered spectral composition on coral zooxanthellae associations and on zooxanthellae in vitro. Mar. Biol., 78:239-248.
Kinzie, R.A. and T. Hunter, 1987. Effect of light quality on photosynthesis of the reef coral Montipora verrucosa. Mar. Biol., 94: 95-109.
Dana