I've heard various ideas such as limiting it only after mods have expended their points (this will require implementing a cooldown to prevent a user from getting points again too soon). I want to hear your feedback, and I'll roll together something for the next major update of the site. Leave your comments
What problem are you trying to solve?
Not enough comments-per-story?
I haven't noticed any abuses, so it there really an "issue" that needs to be solved?
I've commented above (#24027 [soylentnews.org]) that I don't think this change would make too much difference to comments-per-story. And there are some abuses, but this might make them more frequent.
Instead of these particular moderation changes, I like the suggestion I've seen (at least once [soylentnews.org]) for moderation previews. If this was an option in the preferences, I'd enable it.
On the preview screen, if you were about to do any down-mods, it could have a reminder: "remember, don't down-mod just because you disagree".
It could also inform you if there had been any other moderations on the comments since you loaded the previous page.
And maybe if you didn't have enough points for all your moderations, it would let you choose which ones to go ahead with.