Its up to you it won't matter. If you want to play around with it and watch it grow you could get some zeovit sponge power it makes sponges grow a lot faster as it is food for them I use it. I have a piece like yours with yellow sponge on it.
I think they do but I have seen them grow on the bottom of rocks with no light but it may that each sponge is different when it comes to how much light they need.