A systematic investigation of optical, electrochemical, photophysical, and electrooptical properties of printable green color-emitting polymer (poly(9,9-dioctylfluorene-alt-bithiophene)) (F8T2) and spiro-copolymer (SPG-01T) was conducted to explore their potentiality as an emissive layer for wearable polymer light-emitting diode (PLED) applications. We compared the two photoactive polymers in terms of their spectral characteristics and color purity, as these are the most critical factors for wearable lighting sources and optical sensors. Low-cost, solution-based methods and facile architecture were applied to produce rigid and flexible light-emitting devices with high luminance efficiencies. Emission bandwidths, color coordinates, operational characteristics, and luminance were also derived to evaluate the device's stability. The tuning of emission's spectral features by layer thickness variation was realized and was correlated with the interplay between H-aggregates and J-aggregates formations for both conjugated polymers. Finally, we applied the functional green light-emitting PLED devices based on the two studied materials for the detection of Rhodamine 6G. It was determined that the optical detection of the R6G photoluminescence is heavily influenced by the emission spectrum characteristics of the PLED and changes in the thickness of the active layer.