But you need to be an admin on the server to 1) install and 2) run the cheat magic. Every cheat command send must come from someone that’s been authenticated and to actually run the command he/she needs to be authorized. Giving a modder access to the cheat manager doesn’t give any more people rights to cheats on the server. All you can potentially do is give admins more power, no one else.
There is one catch though. If the cheat manager has a weak design malicious modders can potentially mod it to bypass AA and if a server admin installs it, it could give the modder access to admin rights. This could be reason enough to not expose it but it would make the reason “weak design” rather than anything else.