I've been entrusted with forum moderator positions before and I think the moderation here will be fine after details have been ironed out, but there is little else more irritating than someone in authority who doesn't seem inclined to follow their own rules and guidelines. You'll be criticized as a moderator because people don't like to be told no - and you'll likely have to hold back that tendency to tell them how ridiculous they're being, otherwise you undermine yourself. If @Auspice continues to get defensive and insulting when she attempts to moderate and people question her decision, then it's something that warrants reconsidering, but I'm... not sure if it's at that point yet.
We'll see, I guess. My two cents. Take it or leave it.