It's actually very complicatede to explain, kalven and light spectrum....whatever the intensity is that the corals need to feed on.
Lots of coral require good lighting but not the brightest, some require Metal Halide intensity (the brightest) and some corals don't use or need light at all non-photosynthetic
The technology today has been able to use TH5O and LED lighting created bright enough to replace Metal Halides. The MH lighting is hot and it heats the tank, so fans are needed to keep things cool.. It creates a sun like shimmer inside the tank that is truely beautiful. A single bulb costs $70.00 and must be replased once each year because it loses it's intensity and it no longer feeds the coral.
LED lighting can be bright enough, and the bulbs last for years and it does not heat up the tank. TH5O can also be bright enough but the bulbs (which are cheaper) also must be replaced once each year. Power compact lighting is not bright enough for high intensity corals, but soft corals are quite happy with them....nothing except MH lighting creates the shimmer in the water.
You need to figure out what type of corals you want to keep, (anemones also need MH lighting intensity) once you can decide what you want, get the lights suited for keeping them.
Sunlight feeds nuisance algae like hair algae, so you want lights. If you have only fish, the regular fish lights are just fine, non-photosynthetic and mushroom corals (some soft corals, like Kenya tree) can live under those lights.