Your beliefs are irrelevant to the discussion. Without empirical data, it's not logical to assume anyone would have gotten mod status with more infractions until all the evidence is in.
There is no "threshold" or a set number of infractions that would automatically reject you. It does not mean that if you have X infractions in Y days, you wouldn't be promoted. All infractions are looked at case-by-case, and your activity, helpfulness and overall attitude in the forums you apply to are generally weighted more heavily than mild infractions. My advice? Go for it! You have nothing to lose, and lots to gain (the mod team is awesome).