Some of the best social media is heavily moderate. This includes HN and r/credible defense . With a Quiet transparent and cheap LLM I imagine a social media website where you can have good discussion about everything around the world it would be a game changer and on my to-do list.
The bulk of moderation work is things which are easy and obvious.
The correct way to moderate is automation with certainty falling back to humans with discretion.
The new frontier of moderation should be blocking illiterate comments, as in the commenter is replying as though they didn't read or read and didn't understand.