Having greyed a few hairs on this one last year, I'll put my .02c in.
While understanding that not everyone here will agree that the sky is blue (usually), I think we're all in relative agreement that we like coming here and that this is one of the better forums to hang out on.
One of the key differences here vs elsewhere is that we respect others and their opinions. Newbies won't get blasted about asking 'which gizmo should I buy...' or 'I like brand X, which model doohickey should I buy next?'
We're appreciative of each others' efforts in the shop, and laugh and pick on those of us who may take *ahem* a little ... Longer at doing something than the collective whole thinks is reasonable.
What we dont' have to deal with are language which is offensive to Most members here. And the grey area is never going to get pinned down, that's why we have People and not just filters in place. It can also be things which we may not think are offensive, and won't generally be viewed as such. I can think of one member who didn't like that I'm open about my Masonic activities. Sadly he decided to move on, not because of anything I said in a post, but because at one time I used a Square and Compass sign as my icon.
Count me in the 'I can swear like a trucker camp (good thing too, I used to be one)' however this isn't a trucker's lounge, it's a Woodworking forum Slanted towards family friendly as far as its atmosphere. While famly means something different to every one of us here, and not everyone is as genteel as others, there are other forums which cater to woodworking and have much more leeway in their rules on content. On those rare occasions I visit them, I put up with their atmosphere to gain some info. I don't visit often, however. I prefer a bit more civility. And I work at keeping my tone here above average. Partly out of wanting to keep the mods' jobs easy, but more the point of personal pride.
We've lost some members over too much moderation in the past. We've also gained a bunch of members because we're Different in our approach than other forums. We elect our moderators, they're not appointed by some remote person as on other venues.
Let the Mods do their jobs, interpreting what is and isn't outside of the CoC. If they feel that something needs further clarification they can and should put it up for Resolution at election time.
And Mods, you're doing a fine job by the way, old and new alike. by asking open discussion to help work it out. Withouth this sort of thread, you wouldn't know what the membership thinks about the situation. In the end, however it will still fall to you to make the case by case decisions.