This is what I used to think as well, but the absorbance curves doesn't really tell you what it seems like it does.
If a photosystem absorbs a green photon, it will still use it for photosynthesis, it's just less likely the green photon will be absorbed, and more likely to be reflected or transmited.
If you only use red photons, you will reach saturation at canopy level quickly because of how well chlorophyll absorbs red. After this saturation point is where 500-600nm starts becoming useful. It allows you to throw even more power at the plants lower leaves without completely frying the top canopy level.
Seedlings only need R+B because you do not need high intensity levels to penetrate lower foliage, but 10 foot ganja trees need 500-600nm to cook the middle without frying the top with red.