This is an observation I made during a bleaching event in my tank. I run 440w VHOs on a standard 55, but a while back, I was using cheap bulbs that were not full spectrum. Over a period of about 3-4 months, several of the corals in my tank-a flourescent green frogspawn, a green/brown/white devil's hand, colt, and green/brown/jade frilly 'shrooms-began to slowly lose their zooanthellas.
I didn't realize for some time just what was happening. All I noticed at first was that my corals were becoming so much more brilliant in color. The frilly 'shrooms and the devil's hand became brighter green over all, and, the frogspawn became the most stunning green I've ever seen in a coral. It wasn't until I noticed (finally) that the normally brown tentacals of the frogspawn were now totally transparent with the bright green sheen overlaying them, that realized that they had bleached. Once I corrected my lighting, all the corals made a complete recovery.
The bleaching event in my corals showed that (in some corals at least) the color, such as the brilliant flourescing greens, is part of the coral itself, and not of the zooanthellas. When the brown zoos return, the coral regains its brown color with the green as a transluscent overlay. Likewise, the color tips of some corals (such as my orange ricordia yuma and the 'spawns and torch corals) seems to be permanent and not affected by loss or change of zooanthellaes.