Hello CS, I have initially used before chunky bark media for orchids, easy enough to get from the stores. Then later on, as I got more accustomed and understood what it really likes, I have been using different media, sometimes mix of clay rock, lava rock and coco husk chips, in another container, using hygrolon baggies which has clay rocks and styrofoam.
Whichever you prefer, just remember those Phal roots are thicker and does not like being too soggy wet, that is why we want to provide good air circulation around it, and I also tilt my plant a bit to the side, it makes it easier for water to slide off, so the crown does not get too wet. And that is why I hate sphagnum moss, I always repot right away when I see that media in any orchid I buy. I find it harder to gauge if sphagnum moss has dried enough.
When I use bark media, I presoak it first overnight, before I use it then first few weeks, have to dunk water the root zone area. It takes awhile for bark to be moisture retentive. Some do not presoak, but I prefer to do that, to remove some accumulated dirt it has.
If you got good humidity levels in your area and have the space for it, it is nice to mount Phals.