Halab aren't wrong...
It has been requested, but not sure that all top reporters want to be exposed publicly. And if it turns into a dick contest like merits...
May be. Clearly. But even so, it will be beneficial for the forum. The more good reports, the cleaner will the forum be, isn't it?
And it doesn't have to be on levels (for becoming "a dick contest"), only a "Top Reporter" badge will do (with no visible numbers under it).
Then I'd expect that the result will be even more reports. Nothing wrong with that.