I like this version a lot because it covers both cases, and a lot of the time a moderator might be the better option because they can still be helpful without gaining full access to destructive actions (and thus it doesn’t require an additional confirmation, so it’s a simpler process).
There might also be an opportunity for education here, with a simple 
link that explains the difference in privileges between the two. Every time an admin can reach the conclusion of “oh actually a moderator is enough” we end up with slightly more secure sites.