-1 mostly since people need to learn to relax and ignore someone if they're saying words they don't like. If someone is going out of their way to harass someone else with the terms then yeah, punish them for that, but if simply seeing the word 'faggot' or so on causes you to stop functioning or just start hyperventilating then I don't know how you survive browsing the internet, unless you confine yourself to xG servers and sites only. It's not the same as going to a workspace in real life or being stuck around actual people that are tormenting you or calling you those things and whatever else, it's just people playing on a video game server.
Plus, if you ban one thing you may as well start banning every other offensive word now that could be deemed rude or mean towards a group of people, or just anything rude altogether, servers are already pretty strict compared to some others with how it's currently ran, don't think they need to be made even more strict, just deal out punishments to the individual people that are trying to harass rather than limiting more words for everyone. Don't want this to become something like Twitter where you can't breathe without someone losing their minds.