My First Neo! Potting tips?

[RandomGemini]

So... this is Neofinetia Falcata 'Hsiui'. I was shown pictures of previous blooms on this plant and there is the remainder of a dead spike here, so I know it's been growing well for the seller.

It does have a new fan starting on it, but I do not like how high it's potted. It seems like I see them potted at about the same height that paphs are potted at. So, I'm wondering when and how I should repot. Also, it's potted in bark and it seems like most folks grow their neos in spaghnum moss. Which is best?

Here's a pic. Let me know if you think I'm being a worry wart, or if this needs immediate attention. Thanks so much!