I think you did a fabulous job! I like shallower pots. I like plenty of air holes in pots. I like large chunk bark. It appears to me that you did just right by your Phal!
And yes, it is a Phalaenopsis, most likely a hybrid. Phals like plenty of air movement through the roots, which in nature wrap around and cling to tree branches. With good air flow the roots can breathe, and thus will stay far healthier than they were in the sphagnum, a medium I don't recommend to new growers. Allow the media it's now in to completely dry between waterings to further encourage root health.
Well done!
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