What I'm getting out of some of this is that moderation is fine as long as it's done the way a particular person wants it to be done. Otherwise, moderation is not fine.
Personally, if I was a moderator I'd crack down on blatant trolling, but that's one of my hot button things. If someone is only out for a reaction by being a jerk toward others, I don't have a lot of patience for that.
And yet, while I know the Hog Pit is more of a free-for-all part of the site where insults, sharp criticism, and pretty much anything else goes, that area has value when it comes to trying to address misbehavior by players/admin/staff/whoever. These are the kinds of things that, especially using an Elsa game or UH as examples, can't be discussed in-game without people being punished for it when people in power abuse that power. The Hog Pit is one of the few places things like that can be brought out into the open and, depending on what evidence is out there or what people believe, general conclusions can be reached about what seems to be going on.
I don't know most posters here well enough to have too strong an opinion of who they are as people, what their morals and ethics are, or any of that, but I will say it's a mistake to assume people in general will understand what you mean when you say something and do it in a vague way. You may think what you're saying is clear - God knows I've been there more than once - and someone is stupid for not getting it, but the only one who can make sure what you say is understood is you. Don't make things worse by acting like everyone else just doesn't get it when you say something that gets misinterpreted, and don't give a half-assed apology when you're called on it.
As far as posters having separate moderator accounts or not, I don't think it matters as much as how it's handled. If @Arkandel creates a second account only to use when MOD VOICE is needed, people should know that's his account from the start. It won't fully eliminate the possibility of MOD VOICE being misused in some way, but it's one more step of separation from asking him to pick and choose when he uses MOD VOICE on his personal account. Either way, I could see the potential for suspicion based on when and how MOD VOICE is used, no matter the setup for it.
What's important to remember is we're all MU*ers as well. We're not above conflict, controversy, arguments, in-fighting, and so on just because we have a place here to call it out when we see others do it. An outsider could look at the debate going on here and say "See? These holier-than-thou fucks are no better than the ones they're whining about over and over!" At times, that would be accurate to say. That's not automatically bad, either. It just proves that nobody is perfect, nobody is going to agree about everything, and we all have different personalities and beliefs that sometimes clash.
If we can be better about staying civil and sensible about it, that's the most important thing to me.