Absolutely yes. For the last 3 years, I've had 6 x 96W PC's over my 125g tank. If you arrange the rock such that you can get the corals near the top, all the better. I successfully grew acropora, montipora (dig and capricornis) and even clams. You can keep other lower-light lovers at deeper parts of the tank...euphillia, blastomussa, mushrooms, colts, etc. You'll need to replace the bulbs about every 10 months if you want to maintain growth and coloration.
Good luck!
Tom