TQ and I discussed this the other day. My general feeling on the matter is similar --let the creator censor themselves as they see fit. For myself, I am pretty anti-censorship, I dislike setting the rating on fanfic sites, though I understand why it is important. Rating prose as though it were a film is still a pretty strange (and new!) concept. As far as the community goes, I think the rule on cuting for NSFW bits will be fine. There are always risks when it is unmoderated posting access, but it is a pairing community, after all.

Also, that is me on that other journal, just so you know. I also keep my main journal separate, because most of my other livejournal friends would probably be annoyed with a sudden burst of fannish postings. :)