We perform a quantum theoretical calculation of the noise power spectrum fo
r a phase measurement of the light output from a coherently driven optical
cavity with a freely moving rear mirror. We examine how the noise resulting
from the quantum back action appears among the various contributions from
other noise sources. We do not assume an ideal (homodyne) phase measurement
, but rather consider phase-modulation detection, which we show has a diffe
rent shot noise level. We also take into account the effects of thermal dam
ping of the mirror, losses within the cavity, and classical laser noise, We
relate our theoretical results to experimental parameters, so as to make d
irect comparisons with current experiments simple. We also show that in thi
s situation, the standard Brownian motion master equation is inadequate for
describing the thermal damping of the mirror, as it produces a spurious te
rm in the steady-state phase-fluctuation spectrum. The corrected Brownian m
otion master equation CL. Diosi, Europhys. Lett. 22, 1 (1993)] rectifies th
is inadequacy. [S1050-2917(99)02107-1].