With each position of power we will be dealing with redundancy, obsolescence and the abuse of such power. Instead of delegating power away from users I think it's best every user, above a certain reputation, has a say over flagging and counter flagging.

For whales to do the work for the entire community we will need to give out incentives, or there's no reason for them to spend their precious time reviewing all the nonsense that they probably want no part of outside monetary gains of some sort.