"the phallic beastie looks as if it's had the top broken off at some point in time"
You're not the first to suggest this to me... it does look broken, I think the over-zealous priest is a very plausible suggestion.
Its only phallic when seen from one side. Anthony Weir's website informs me that this is common with Ireland's phallic stones, like the White Wife. I wonder if it was phallic before it was smashed (assuming it was smashed, that is)?
It's also a megalithic throne:
http://www.themodernantiquarian.com/post/17616
A seat of power... or of potency.
And as if all that wasn't confusing enough, there's also something of the Zoroastrian Fire-Altar about it, wouldn't you agree?
http://www.themodernantiquarian.com/post/17613
It certainly resembles Armenia's genocide memorial...
http://www.bravenewworld.demon.co.uk/armenia/photography/yerevan5.htm