But I feel like if I try to clarify and really understand I may end up offending someone
Who would you be offending by admitting you were wrong in thinking OP was wrongly moderated?
OP knew what they were doing. They got rightfully suspended for transphobia and now they are crying about overzealous moderation and censorship, like all the bigots do.
Not only did they used an slur, but OP’s “joke” is based around a transmisogynistic stereotype.
Next time you want to post about someone being “wrongly moderated”, ask people from the community affected if they feel the comment was truly offensive or not, and if it deserves any kind of moderation.