The colour matters a bit. Lower K = more red/yellow, higher K = more blue. Higher K = theoretically better penetration in deep water, but in reality lower output because they use different, less effective metal halides to generate light. Lower K = more real light, but looks a bit yellow for some tastes.
Corals use light in the range from about 4K and up, plants round about 4K. So plant lights look more red as they don't need the blue. But corals don't need just blue, they need a full spectrum - that's the problem with 20K's - they look pretty as heck, but you can argue they aren't generating all the required spectrum, especially inthe low end, plus they are duller anyway, they jsut are.
The reason the corals browned out under the spiral bulb si that , no matter what watts per gallon, no intensity to generate par.
Theoretically the blue light penetrates better, but who has a 10 metre deep tank?