Well, I'll tell you who is most qualified to answer this... fishwithgary. Petty, is he around?
Yes Brett he is now a registered member here now, this is what his kokanee university says about the colors.
(from "Fish with Gary Kokanee University)
U.V. light is below the visible spectrum (of lower wave frequency), which means it cannot be seen directly. All U.V. light is dissipated in very shallow fresh water holding kokanee, because the water, plankton and other particulates in the water absorb all of it. It is well documented that there will be no U.V. light in the fresh water column below just a few feet. I have tested lures labeled "U.V." Most work very well in waters holding kokanee, and in particular the UV squids should be a part of your tackle box. However, lures labeled "U.V." would be more accurately labeled as "fluorescent." These "U.V." lures come in visible colors. Since UV is not visible, the color you see is fluorescent. As with all fluorescent colors, stimulation by a black light will make the color jump out at you. But these lures are in fact only fluorescent. But that is why they are good. They still need some visible light at depth to be most effective. They do not glow. Match one of these "UV" (fluorescent) squids with a Fish With Gary™ POWER Dodger and you have a great setup.
Using true fluorescent materials in your setup will resolve issues of color shift in your favor. While some fluorescent colors will fade somewhat the deeper you are in the water column, they still are not gray if there is some light available to act on them. When using true fluorescent materials, the colors you are delivering at depth are those NOT ordinarily seen at depth. And that is exactly the effect you want. Your setup will be out of the ordinary, and kokanee will focus on it in the near field.
The relative differences between ordinary colors and fluorescent colors can be visualized in the following diagram:
VITAL CONTRAST
Using fluorescent materials is not the only way to get your setup noticed. Remember that you are after contrast, or what I call vital contrast. Vital contrast can be obtained by using different fluorescent colors next to each other, or spaced in such a way as to create the illusion of not being connected. Components that contrast with themselves will stand out even more in dull watery depth. Contrast is the enemy of camouflage. Contrast is the better developed part of kokanee vision, and encompasses about 10 times larger visual window area than does color. The color window is directly in front of the kokanee, but contrast is not only seen in front, it is seen up, down, sideways, and backwards. Contrast vision overlaps color vision. Effectively presented, color is a great contrast. When color and contrast are placed effectively presented, color and contrast are in front of the kokanee to see and react to. This allows the kokanee to put its mouth where the color is - which is pretty much what you want!!
The following diagram most certainly demonstrates vital contrast. The diagram on the left also has embedded the words "FISH ON!!" But because of lack of vital contrast, it is difficult to see.
GLOWS
There is another fantastic way to achieve this vital contrast at depth, and that is the use of glows. Glows are termed phosphorescent (or luminescent) as they carry their own light to depth. No intense scientific discussion is needed here either. Glows emit light when the light source that charges them is removed. On the other hand, fluorescent materials appear brighter in light, but do not glow when that light is removed.
Most glows on the market and peddled to fisherman are of very poor quality. Their glow simply does not last even long enough to make it to depth, let alone work for you at depth.
All Fish With Gary™ glows are of the highest quality and are termed extended glows for good reason. The natural glow beads in particular will glow for hours on a simple charge of sunlight for a few minutes. Stimulation of glows by using a black light is not very efficient, and the resulting glow does not last as long as sunlight stimulation.
Glows clearly take on more importance when the level of light is less in the water column. As you descend below light in the water column in later season, glows make visible what would otherwise be invisible. And if the surrounding water is pitch black, the glow of light most certainly is the kind of dramatic contrast that will get your setup noticed.