Once again, Microsoft has failed to directly address a serious and important question I have raised in another blog post. I REALLY hope Microsoft will do so by responding to my comment, updating the blog post, and the relevant/linked documentation (How to set up a multifunction device or application to send email using Microsoft 365 or Office 365).
If an email is "Directly Sent" (e.g. contoso-com.mail.protection.outlook.com) AND that mail's P1 sending domain, envelope sender, is an accepted domain in the tenant - is that mail subject to SPF policy processing and enforcement?
None of the blogs I have read around the recent Direct Send confusion has directly answered this question and the documentation linked in this blog (and mentioned above) is vague as it says that SPF is "recommended" which suggests to this reader that mail matching the conditions I describe above may in fact not be subject to SPF policy processing.
Edit: Also I wish to point out that I really dislike Microsoft's use of the word "unauthenticated" mail when it comes to SMTP submissions between MTAs. The sending of mail is authenticated through SPF. Mail messages are authenticated primarily through DMARC-alignment. Microsoft needs to align their language with industry-standard terminology.