While it says on the tin that the moderators should do as little as possible, we're having an election because the site has "grown and it would be nice to have a larger team" (paraphrasing terdon from chat), so I assume that there'll be moderator tasks for you to do.
If you plan on spending about the same amount of time on U&L, what other U&L activities (such as Asking, Answering, Editing, or Reviewing) that you currently do today do you see yourself doing less of when as a moderator? Valid answers include "spending more time on U&L", of course!