There are "mod-only" flags, and all the others. Will you let the community have their say on the latter, or will you handle all the flags you possibly can?
For example, there are "Very Low Quality" or "Not an Answer" flags that would go in the "Low quality" review queue. Will you let the queue review process complete before intervening, or will you handle the flag before that?
I am specifically speaking of those situations where a mod is not required, since the community review process can handle them.