In your opinion, are there any pros and cons (including risks) of having this list of words public?

Who would you define as “the community”? If a group needs to agree on a decision, we need to define who is part and who is not. Something that is quite complex in a ecosystem like OSM.

Right now the changes to the forums are publicly discussed here and the final decision makers is the @forums-governance team (the current decision making approach can be discussed and changed)