Not sure why people tend to get really freaked out by things like minor pH shifts and whatnot. It's a change in environmental conditions, the same as occur all the time, even without our involvement. Those species which can adapt to the new conditions, do so, and thrive. Those which cannot, die off. The view that we should somehow intervene to save species which are being selected against is baffling to me. Extinctions, even mass extinctions, happened before we came along, and they'll continue to happen regardless of what we do.
So, say you're right, and the coral reefs do get wiped out. That's not something that'll happen immediately, for one thing; we'll have plenty of warning to see it happening, and plenty of opportunity to do something about it. And not 'do something about it' in the sense of 'emissions reduction' and similar unfeasible nonsense; whatever we in the First World begrudgingly contribute on that front, wringing our hands over the economic impact of the smallest marginal reductions, China and India, and the rising Third World, will more then make up for as they modernize. I'm talking 'do something about it' in the sense of geoengineering. When the environment becomes a problem to become an actual threat to humans, instead of to some marginal species which was dying off on it's own anyway, then we humans will go out there and fix it. If it comes down to it, and everything really is going to hell in a handbasket, we can design our own replacement ecosystems, to the tolerances needed to survive the conditions at hand, in less time than it'd take for mere warming to wipe us out.
Unpalatable solution, unintended consequences? Most certainly. But climate change is slow, and humans think fast. In 100 years, by the time the more alarmist predictions suggest we'll be dealing with 5 degrees more global heat, we'll be busy terraforming Mars, and long since have mitigated our own climate problems, to whatever degree they happen to need mitigating.