Give your fish, coral, and plants what they want AND make it look "beautiful" color wise to your preferences?  Sure it's possible.  It depends on what you like.  Some people like very yellow looking tanks.  I personally don't.  Your coral won't like it either.  Your plants might not care so much as long as there is a lot of light.  If you like more white looking tanks (8000-9000K) your coral will like you a little more and your plants will probably love you still too.  When you get into the more blue spectrums of 10,000K and a specialty spectrum called 03 Actinic your coral would worship the ground you walk on if you give them enough of it.  Your planted tank will likely hate you. 

Of course all of the above matters only if you're giving a high wattage amount in your tank per gallon.  As long as you like the colors you see AND the plants/coral get the right K range with enough watts everyone is happy. 

Another factor we have not mentioned so far is the amount of time per day you light up your tank.  Run it too little then there is no good results in planted/coral tanks.  Run it too long and soon you have "things growing like weeds" in your aquatic garden and algae choking every inch of space it can crowd into.  More on that next....