I can't determine any effect like say the Blue Flash Moonstone or Rainbow Moonstone from this piece. The colored effect on this specimen is from an internal fracture if I'm not mistaken. I think the effects of Moonstone are usually a variety of translucent Labradorite which is technically separate from Moonstone even though it's the Feldspar family. It's too dang complicated if you ask me, lol.
That sounds really exciting EU! There are massive pieces of Moonstone in S.E. Tennessee. Boulders even. Beautiful oranges especially. Hard to find the gemmy stuff and I think this specimen is a great example of the Monoclinic crystal system!