has anybody actually measured the light at different depths out on the reefs
Yes, but every reef is different. It's a function of turbidity in the water. Reefs near large land masses tend to be in more turbid water while barrier reefs out away from land can have very clear water. There's charts in a Steve Tyree book that shows light transmission through a couple different "types" of ocean water. I've seen similar graphs elsewhere.
Thanks for that 1.67 calculation Jon
Hey, I'm an engineer it's in my blood. 
Edited by jfinch