This isn't entirely true...
Regarding light saturation; A given plants light saturation point can be increased/decreased by environmental factors, supplementation, and manipulation of metabolism. In one study, the plant was exposed to twice the intensity of it's "known" light saturation point, but with little to no negative effects because of maintained cooler temps. It was this same study that concluded that mid-day depression is not a result of excessive light, but instead a result of the excessive heat associated with mid-day. I posted the link to the study in another thread.
In optimal health, in optimal conditions, with optimal supplementation, the plants can grow/develop from the moment of lights on right on through to when they shut off. "They take awhile to wake up...", only because of the faint light intensity of early morning, "... then they really get going", as light intensity increases as the sun passes overhead, "...and then they gradually tire out and slow down", due to the excessive heat of mid-day and the waning light of dusk. These "negatives" are mitigated or circumvented in a proper indoor climate.
Regarding far red/deep red; it is the ratio of red to far red receptors initiated that generates the onset of, as well as the "maintenance" of, bloom. I posted that link elsewhere as well.