Please read up on the situation more before continuing.
They wouldn't let the app back into the app store unless they get rid of all porn. There's no reason why they would piss of most of their userbase otherwise. "Child pornography" is the classic "think of the children" misdirection, it has always been against the site rules, and the law.
>How would the suite of reddit apps (another social site with plenty of porn) exist within the Apple ecosystem?
They wouldn't for much longer. This is just the beginning.
And obviously showing that they can keep child porn off their service.
As I mentioned elsewhere, Tumblr stripping adult content is very likely a move toward making their site advertiser-friendly, because Oath (their new corporate parent) does not have the tolerance for losing money that Yahoo did. I mean, yes, getting rid of all content from "female-presenting nipples" on up should technically get rid of the child porn, too, but the breadth of Tumblr's actions here make it highly unlikely this is primarily driven by getting the app back in the iOS App Store. (I mean, hell, Tumblr doesn't need an app, and it's not like Apple blocks you from surfing to porn sites on Safari.)