It's very clear that BlueSky wants to build tools to facilitate interconnected communities having public conversations.
In general I think any talk about their moderation practices that does not see this is missing a big piece of the equation as to why they do (or do not do) whatever action.
This isn't to say that they won't change or modify their approach, or that they shouldn't, or that there's not room to improve the general moderation…
…and also you have to understand what htey are doing.