If you take a smart string node, set it to white, then start decreasing the supply voltage, it will start getting a red tint to it as the voltage decreases. At some point, the g and b will drop out completely and the red will slowly fade away.
Because the LEDs need different voltages, they need different resistors to help set the current to appropriate values to get white light at a given supply voltage. Resistors are linear, but the different voltage requirement for each color led makes the whole thing non-linear. Since the curves don't match, you get slight changes in the color until you start seeing the dropout...
I watch this every time I turn off the power to my cheaper pc power supply.
This is another reason that PWM is better for RGB led dimming. 50% on 50% off = half bright, no matter how you slice it...
RM