I agree. My point is that it doesn't make much sense to call a single-person opinion "moderation". We don't call Reposts moderation either. And there is no cohesive "moderation" in labels from a group of pubkeys. So, the word moderation loses its meaning.

Curation seems to be a better fit for a label-based organization. But curation implies assembling for an audience. So, it might not be what you want either, if this is just for personal use.