Limiting the flood wouldn't mean necessarily omitting stories like "new model released" (within reason); it'd mean omitting "check out my new vibecoded slop" or "check out this article that's obviously LLM-written and provides very little value" (what we once would have called "blogspam", or dismissed as SEO-bait).
There's no way to reliably filter that "vibecoded slop" or "low value LLM-written article" (BTW what about low value human-written articles?) without users actually interacting with them. And it's actually the votes/flags of said users that determines visibility, so I'd say that's an indication of where the interests of HN's most active users lie.