From what I've seen sp delegation has been used to grow many projects here. Utopian is one big example. There's so much focus on quality content and rewarding it, which is a good thing. However, that should be balanced out with the number of curators who can reward those creators. So, i think the delegegations should go to those who apply to be curators and they should be checked for integrity and reputation manually and agree. Then, someone should curate the curators to make sure they're curating quality content. It would be like a curation pyramid with different levels of sp.
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Yes it is interesting to imagine how best to support the curators through transparency and accountability. Levels of trust determined by accomplishments and earned reputation of some kind will be necessary. The more precise the community guidelines for how curators operate are, the easier it will be.
Yes. I've posted this before saying that you can learn a lot from Google in this regard. They learned to reward the best content with higher search rankings. They have contractors who contract with thousands of curators of their search results. That and very complex algorithms that analyze content and site trust factors.