Third step: Broaden the definition of nazi and repeat.
If you had your own website where choices of this kind need to be made.. sure, you can go ahead and make determinations based on principle. Your own definitions and evaluations of Nazism, evil, eviler and such will shine through, especially the priority list. Your own values will shine through the "what worked?" Step. Overall though, it would be totally fine. You are a person (presumably a decent one) and your principled choices are a great way to govern your website.
YouTube is a major part of global media, a major subsidiary of Google/alphabet and a major channel through which democratic politics, speech and social life is conducted around the world. YouTube makes more mayors, parliamentarians an public intellectuals than they likely even bother to know about.
It's an institution, in every sense. Ways of doing things that are perfectly workable for a person do not translate to institutional scale.
First step: remove the literal nazis. Nazis are bad and anyone who says otherwise is bad. Anyone who screams, “censorship!” About removing nazis is defending nazis.
Second step: Evaluate what worked and what didn’t work about removing nazis. Correct mistakes.
Third step: Pick the next most evil topic after nazis and repeat.