That text should be removed from the help page. Only the current or the latest reviewed version can be the default. You cannot have pages "use the latest quality version" as the default version. This would create a very confusing interface that takes a mouth full to explain.
Also, it's hard enough to keep "checked" versions up to date, even hard for "quality" ones. You don't won't to end up with people having their edits take weeks (sometimes months) to show to readers because they haven't been highly proofed yet.
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