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Although there is some variation between being an admin/user in terms of what you can do?
Nope.
Very equal.
We see the same thing, the only difference is a few permissions grant me the edit functionality on other people's posts.
There is very little I can do that you cannot. I wanted it that way, to avoid creating forums that had crazy dictators on them. I have a bit of control, but not some crazy admin control panel.
Also... I found that good defaults on forums were far better for 99% of forums than a panel full of options, any of which could negatively change the site if they were set without the admin understanding the option.
In essence: Admins are just users with a few more permissions.
Users have options?