I would much rather someone else takes over moderation, yes. Both because of various federated moderation bugs in Lemmy making it hard to moderate a community that isn’t on your home instance and because I have way to many communities that I moderate already.
If needed, I would be willing to help with moderation, but not be the main moderator of such a new community.
So that means that ideally we should get new moderators for this community, who should then decide among the different options stated in the other [Meta] thread: https://slrpnk.net/post/10808865
It's not that bad, but you need to at least skim most of the discussions as reports often fail to work due to federation issues or are only made after the comment section is a troll-party already.
Also be ready for some unpleasant DMs questioning your moderation decisions on really spurious grounds.