The Pfr (plant is "awake") is generated by 660nm light, something that is prevalent in almost every grow light source (at least it should be). If the light is on, the plant grows. Whereas Pr is generated fast (plant is set to "sleep") by 730nm light, something that isn't there at all when the main LED are shut off. [ I'm under the impression, however, that using HPS bulbs with their after dark glow has unknowingly benefitted flowering under them. ]
I wouldn't argue there a certain rhytms in the plant (as stated in that link about photoperiodism above), but I strongly doubt emulating a sunrise affects our desired results in any way. You're right that there isn't much effort to set a second schedule. I still wouln't want to light the 730s any more time than necessary due to their poor efficiency.