Excellent points regarding the nature of the moderators. This can be a VERY tough job at times just as it might be quite boring at other times.
An impartial effective moderator is a fine idea but no moderator is still better than a less than objective, ineffective one. I tend to agree with PGs' preference that if there are modertors they should perhaps be on Randy's staff and thus "official".
And again, as noted, and as I've personally asked before, the "rules of the road," so to speak, could well be clarified somewhat!
So I, for one, can easily live rather happily, (I think) either way!