Its not agreed upon. Lots of LFS keep it from 1.019-1.021 which is the "traditional" range, though unnatural for the fish. They can tolerate it, but it was always thought to prevent parasitic infections...which it doesn't really do, IMO.
So I would side with keeping it in the range the fish experience in the wild, which is higher.
Add live rock to the equation and I would say it should be kept higher for the critters that live in the rocks.
Either way, people have run tanks successfully. The issue would really be if you decided to add any type of invertebrate (including those on LR), in which case the water needs to be higher specific gravity.