C. huettneriana var. lactea is a known synonym for C. flaccida, so it seems likely to be a C. flaccida.
Another indicator is the supposed flowering season: huettneriana is a bit later and starts flowering around April, whereas February is an indicated month for flaccida to start spiking.
Only certainty will be once it flowers as you said before.
Due to my mistakes from early orchid growing, I've always chosen for less watering in order to avoid rotting. As a general rule: you can always increase water when the bulbs are too shrivelled, but there's not much you can do once those are starting to rot because of overwatering!
For example, I've lost a few orchids this year because we suddenly had a very cold, dark and rainy week or two. I did not reduce watering quickly enough, ending up with a few casualities.
But then again, I don't have much light anyway living in Belgium and don't have the ideal orientation. It's a matter of looking closely and regularly at the plant. After a while you get that kind of 'feeling' of the plant
At the moment, most of my Coelogynes in winter rest are being watered every 2 weeks - 10 days if the bulbs are shrivelling.