In my hands the Sphagnum is deadly! Mine sits right now actually in a fairly bright spot, no problem.
I think most of the time I have it in Phalaenopsis light, it is doing well. But, considering that my greenhouse is very bright. In Summer outside I would protect from noon time sun.
Now I have told this probably a few times, but here it is:
Many years ago, I had a Ludisia not doing well, a few pieces were hanging on, it was probably handled a bit too wet. Spring time came, that pot wound up in a sunny corner with the rest of reusable pots, ready for the compost! At the end of the Summer I pulled out that pot to clean and reuse it. Surprise! The sunshine in our NJ Summer had cleaned up the plant and it was perfectly fine and looked really healthy.
I learned that under my daily watering schedule it needs to be well draining and can take stronger light if acclimated.
Took some pics just now -
Mine is now in a large metal basket lined with coconut fiber and planted into smallish bark mix.