To be clear, I find the automatic edits to usually be useful. I left my comment to explain why I flagged the article (assuming 'dang looks at flagged posts and then has to wonder "Why is this flagged?").
I actually unflag after corrections. I think one-off flagging doesn't end up triggering any badness for the poster (and the rules for comments vs posts are different). Only once enough people flag something does anything happen.
Your reputation as a flagger goes down when you make a lot of false-flags (I don't know exactly how this is measured). I.e. your flags start counting for less
Unless you have "show dead" turned on, in which case you see it anyway. (You still can't comment on it, though.)
And, if it's dead and you see it and you don't think it should be dead, you can "vouch" for it. If enough people do that, it can lift the "flagged" status.