I'm late to the party, but I'd like to share my view, too.
I saw the notice to apply for the elections and I considered it, twice. The is no need to copy the words of Bart van Ingen Schenau, however I feel the same. And I also felt the site in very good hands by Madhatter and apsillers like Philip Kendall explains well.
But let me explain in my own terms: Seeing this meta thread only now, 3 weeks late, is somewhat indicative of two or three things:
I don't want another commitment. Moderation and community management is work, and is a commitment. I have done that. Obviously I fail in that regard here - and taking on a role would also reduce the 'carefree fun in writing helpful answers when I have time and feel like'. Additionally, when I procrastinate here, I most likely do that because I would have to deal with mess-ups of others or to arbitrate.
my workload in the coming months will rather increase than decrease as a big project I work on for years is coming (hopefully and finally) to an end with the hardware delivery. And I might want to change job after that. So the future is somewhat uncertain, as is my availability.
the site seems in good hands of the current moderators. Don't fix it, if it ain't broke.
Related to the process, but not part of my reasoning reading this thread and the previous one on the repetition of the election: The requirement of having more nominees than openings is obviously absolute bogus. Any other election I know of only requires one candidate. The measure should be a working site and not an arbitrary number in a process.
It somewhat rubs me the wrong way to read 'get candidates or we might close it'. I understand there has to be good moderation. Yet there is. Trying to coerce me to do something which I'd currently only do for necessity rather than joy... not so good. However I also do understand and know: no community works without this who cares about it and work for it. Thus this work is much appreciated, thanks in particular to Madhatter and apsillers.
All this said: This is the best site I currently know to live my helper syndrome, and I like it a lot: There are intelligent questions, and own questions get answered often elaborately and concisely, there is little noise.