I'll post another comment later this evening, but I think the main objective is to just have a couple of people to keep an eye on things since Ernest is too busy being an awesome instance dev for us.
This community is too small to require round-the-clock vigilance, and it's not reasonable to expect mods to remove content immediately.
I think if we just get 3 or 4 people who are willing to check the report logs once or twice a day, each, then we can at least establish a really rewarding community here.