We also got the same type of vulnerability reports. Good that you bring it up, because I wasnt aware of the FEP.
To answer your question we can look at it the other way. Imagine we implement a way to federate admin/moderator status and then check it for every incoming mod action. First of all we get problems with older platforms which dont implement this feature yet, it means all their mod actions will be rejected and we end up with spam. Or we add a way to bypass the check, then the whole security feature becomes pointless.
Even if we assume that all platforms correctly federate the admin/mod status, there would still be problems. Federation is not perfect, sometimes things get lost. Or someone gets appointed as admin and immediately removes some spam. At this point the admin status is not federated yet (if its part of the user profile and only updated every 24h). Then again valid mod actions are rejected and we end up with spam that is not deleted.
On the other hand, whats exactly is the exploit here? Some platform lets a normal user (no admin/mod rights) send Update or Delete activites for another user on the same instance. That is clearly not our problem, but its a problem of the remote platform which allows such actions. Besides it cannot affect users from other instances so the impact would be very limited.
Overall, adding such stricter checks would create more problems than it solves.