I dont think someone should be in a group that elects who they are. EVen if we had total faith that it wasnt what was happening, its a matter of preventing people from using that as an excuse to think it.
An example
I Am an moderator on a Legend of the Green Dragon Site. For those who dont know, there is a hall of fame based on Dragon Kills, and many other things. Moderators are not tracked in any of them because it is possible for them to modify thier stats. Now, even though we all check to make sure this isnt happening, none of the moderators show up in it. Is it because the moderators are untrustworthy? No of course not. Its a matter of covering all bases to keep as much faith in the staff as possible.
Its just a personal opinion, and with the proposed change, I dont see any downfall to it either.