What I'm seeing does look like it wants to be a branching spike. It could possibly be a keiki, but that seems less likely. I have several Phals that put out those kinds of growths from their existing spikes, and in most cases, they reach about a half inch long and then don't do anything else. I'm sure it has something to do with my culture and/or conditions in my home. So, although they don't end up developing for me, they certainly don't cause any harm, either. I wish you better luck than I have. Maybe you will get a nice new branch with flowers off of that spike.
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Cheri
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