I agree with the policy in concept, and I think it has generally done good. As a new user to the platform I am impressed by how friendly and non-vitriolic it seems to be.
Having the filter hard-coded and public is a great way to keep things transparent and free from abuse.
However, I do have some issues with the actual content of the list.
I’m not going to even allude to them for obvious reasons, but there are many slurs that really should be included and are not.
There’s also the case of reclaimed slurs. While some of the slurs on the list are pretty much purely used by racists, a few are frequently used in a reclaimed context, and excluding them may harm or exclude the targeted group - possibly more so than to allow them.