The argument I am making is not the same as the one you are making.
Most people here are saying “oh this is a stupid update” (it’s not an update, it’s always been a thing), or “I don’t think roblox should have the right to review my code” (which they do, it’s in the ToS that everyone here agreed to)
The case you are making is that moderation (the people who make decisions on who gets banned) should be improved. Which I agree, I was wrongfully terminated once and it took almost three months and a rant post on the devforum to get the admins to take it seriously. I was lucky because the circumstances that led to my termination were actually not my fault.
Yes. moderation should be better. and yes, Roblox should be able to review all places that are on the platform. They are not mutually exclusive.
They have an ethical obligation to make fair and responsive moderation services, but they have a legal right to be able to access your place at a whim.