One thing I would like to add to this argument, and one which appears to have been missed;
When did Moderator equal censor?

The removing of offensive material is only one function of a moderator's functions. They are also there to advise people on the workings of the message board, there to assist with problems members might have, for example log-in difficulties, how to use the more advanced features of the message board etc. They are there to defuse volatile situations between posters and also to do the day to day housekeeping of the board, moving threads to correct sub fora etc. It is a lot more, or should be than just deleting the odd tub girl picture.

They should be a point of reference to any member who needs their help on matters relating to the board.