I’m actually not that into actual self-hosting (it feels too close to my day job). But i love the idea of it, and actually do host my own RSS Reader: It’s selfoss (PHP + SQLite, so, very simple) and i have been using ever since google reader shut down. It runs on my uberspace.de instance.
I think this is a good idea and wish you all the best.
Moderation will be key of course, but the rules ( http://diagonlemmy.social/post/108 ) sound good.
At the same time, if somebody doesn’t even want to think about HP, they can easily block the entire instance, no harm no foul.