i have had a low light tank with high light corals and they survived.
i have a high light tank and those same corals thrive.
each type of coral is going to need a specific amount of light to thrive and grow in a closed system. corals that get deprived of light can sometimes be maintained by target feeding (i really think BTA's will grow in the dark if you keep feeding them) but i really think they suffer in the long run.
your coral coloration will be a tale tell sign f your not providing them with the proprer lighting
you have so many choices
VHO, T5's, PC, MH......
i really think a good mix of light intensity and color (spectrum) is the key.
(water chemistry aside)
VHO provide the most effcient Phosphor for actinc 420nm and it only gets better as the bulb gets longer. but the Wattage is high. a 48" bulb is ~110w
T5's offer a similar output but it appears brighter. the Actinics seem to be much dimmer. go down to CRA in seakonk. he has T5's and VHO 10k's side by side. T5's look much brighter in white. T5's are very effcient and a 48" is ~54w (i think)
PC's are a much shorter bulb and seem to have the same intensity of a t'5 but it takes 2 bulbs at 48" for ~110w. the 96W are 36"
MH is the common Lighting choice. They provide the best depth penetration and more often than not take less Wattage to get the same visual appearance as the others. the downside is heat and the lack of a bulb that provides a 420nm spectrum (actinic)
when sanjay was here last someone asked him "what is the ideal lighting for your tank"
his reply was "what ever works for you"
i believe thats the best answer for all of us.
i think alot of people strive to keep a little bit of everything with lighting requirements from low to high and expect 1 bulb type to do it all. coral placement can only go so far....
whatever you choose, get a good mix of color temps 6500K-10k, 13-20k, and 420nm actinic and you can't go wrong.
heres a great example of a PC/NO lit tank
http://www.reefkeeping.com/issues/2004-08/totm/index.htm