Since it's the cool thing to do, I'll explain my vote too.
I do think the mod team is doing a great job now that there are enough of us to do it. Honestly, back when there were only a handful of active mods, mod jobs would just lie there for hours and days on end. That doesn't happen any more. Everything is dealt with promptly.
There is some inconsistency at the moment, and some innocent posts do get moderated, but this is inevitable, and it's happened at every point in this site's history. It should also calm down once the new mods have some more experience - though I should make it clear that I think they've all done a fantastic job so far.
I think we have to be especially careful with jokes. We don't want the site to be completely humourless, but there's a fine line between a good-humoured jibe and a genuine attack or troll post. A lot of it ends up being down to reputation, which isn't perfect, but certainly better than ignoring context completely.
For our part, we really do need to update the forum rules. Again, we are limited in this by what we have the technical ability to do - we can't actually edit the rules ourselves (put that on the long list of requested features). Ideally, nobody who is banned should be able to say "I had no reason to think I would be banned for that" or "that ban was unfair".