It's not greyed out for me, perhaps it's just a visited link. I don't know your setup, so I can't comment on that, but it's clearly visible to me on your submissions page, the new page, and possibly elsewhere (checking ...) yes, currently on page 2.
With regards disappearing from the front page, it's pretty clear that it's been penalised, and I suspect it's tripped the "flame war" detector. It's got lots more comments than it has points, and that's strongly correlated with flame wars. I believe (but cannot independently verify) that PG has implemented a means of detecting this, and applies a scoring penalty to any item tripping that detector.
And I note that you've done this before, claiming that things are getting killed by mods, when in fact the symptoms you observe are adequately explained by other mechanisms. Perhaps you could be more explicit about what you observe so that people can suggest alternate scenarios.
Well, yes and no. It was a little snarky in places, and I apologize for that. But it's given me pause for thought ...
There are lots of things about how HN works that some people just don't know. The flame war penalty is one of them (and comparatively new), and the way flagging by ordinary people is another. There are more, many more. And the regular sort of FAQ just won't help. Even if people do read it the bit they want, and the bit that's relevant, could be buried among huge amounts of information that isn't relevant and they don't need.
How can we surface such information in a useful way?
as well as in other places. Problem is, it's a "FAQ" and so it's a long list of specific questions that may or may not match the one you have in mind.
It would be nice to have some kind of "soup" of information, and let the user home in on the bit required. I have an idea, but have neither the time to create it, nor the time to explain clearly, even assuming it's well-defined, workable, or even possible.
FAQs need to move on. I can't see a wiki doing the trick either, it still has the information buried somewhere, with no obvious way to discover it.