Reddit clearly doesn't understand the product. When users join a sub it's because they like the content and tacitly approve of the moderation. All but new users are aware that subs are governed by mods. Installing a corporate-approved mod panel because a community isn't acting in Reddit Inc's financial best interest is to light the whole product on fire. What's the point of starting a new sub if it'll be repurposed a…
People don’t choose subreddits because of mods, they only leave subreddits because of mods. One of Reddit’s larger problem’s really is that some subreddits have better names than others, and the moderators have to be extremely bad for users to get mad enough to migrate to a new community with new mods and a worse name. Or Reddit has to replace the mods (seldom happens).
It’s not at all the case that the most popular communities correspond the best mods. Reddit also not only doesn’t want to provide their own mods, they can’t, it’s not even close to fiscally feasible. They will more likely appoint new community mods or remove some of the mods and let the remaining mods continue to moderate. This will likely lead to a general decline in the quality of moderation, especially in the short term, and especially in terms of neglect as it might surprise people how many subreddits have NO additional volunteers to do actual mod work.