The only moderation privileges are Frontpage and OK. The first approves a posting to appear in The Monastery Gates and the second approves it only to appear on the front page of the appropriate section (ie, Seekers of Perl Wisdom).

Everything's available on Newest Nodes, which is probably where higher level monks look, judging from the response times.

vroom's told those of us with that Power not to approve posts that need editing -- he'll take care of it. It would be nice to have another moderation option, perhaps Beautify. You could also make an Editor Request.