Jason: sorry. I didn't mean to suggest what you said wasn't correct. You are right. If you manually put in the codes, the boards work the same. I just wanted to point out that in a fellowship you have the option of just removing someone, which is something you can't do on a public board.
For me, that just seems the best way to be done with someone who you don't want posting, or copying and pasting, etc. So if they are a problem, then you just remove and problem is gone.
But yes, everything you said is correct.