Depends a bit on the exact species. For example R. indica/rotundifolia won't have a problem with that light, L. repens neither, but if you are talking more demanding species it might be borderline.
Also, the red color of plants doesn't only come from light levels. It has to do with Nitrate levels (the lower, the redder) and Micros (more iron - more red).
Using a pink grow light brings out red hues really well too. :icon_wink