There is nobody doing this work for HN that doesn't deserve the benefit of the doubt, and then some. HN doesn't have a lot of moderators; it is intimately intertwined with YC the firm (something I've pointed out on HN before). Moderating it is a tricky problem.
My issue is with the HN moderator[s] who are not using common sense while executing this policy. When an informative title gets changed to an information-free title, it is detrimental to the site. The point of using moderators to do this instead of auto-reverting all titles is so that the moderators can use some judgement. That is great, so long as they actually do that.