Yes, talking to the moderator directly is a good idea, but look at how many people had a problem with Raging Lamb. He is still a moderator.
So this is actually the "MTF wants to get rid of Raging Lamb" thread? I can't say something about the situation with him/her as I never had any problems, but apparently whatever problems there might be they probably aren't serious enough for the administrators or runners of this side to decide to do something against her/his work.
Also, if we elected moderators yes, there will be no moderator everyone loves, but the number of people that do not like the moderator will go down.
How do you know this?
You can't forsee it.