IME it seems to hold true. I have both green and red birdsnest and when i set both pretty high the green one was doing pretty well, the red one was bleaching out, and when I set it in a lower location it's color returned, thought it was just acclimating so i was bringing it up slowly but every time I set it higher more parts of it would bleach out. Same with the montipora, I have one green and 2 reds, my green one was doing quite well high up close to the light. One of the reds I set high up in the tank, pretty much died in a couple of weeks the one I put close to the substrate is growing quite nicely.
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