Hi Kranky
I re-created your scene and initially I could not see the light either. I then dropped the sun below the horizon and rendered again, still nothing. Then I started upping the light strength and got an acceptable result at about 300,000. Obviously the light source and sunlight use a different scale on their strength sliders. Maybe (just a guess) with a light source its measured in "lumens" in which case it would be a bit like holding a candle in broad daylight, no real effect until you really boost the power.
Richard