I understood it, though if you're in regular contact, maybe I only think I do.
Essentially, the belief that to be definable is to exist leads to moral nihilism, much as some thing Many-Worlds does ( no matter what you do, it'll still be undone in other worlds. Each 'good' world as an equal and opposite 'bad' world).
The second half I understand the sentences of, but don't think Metafire has provided enough details here. Certainly, I don't see how some kind of weighted function over all ethical systems or volitions could help expand their scope.
It has been claimed on this site that the fundamental question of rationality is "What do you believe, and why do you believe it?".
A good question it is, but I claim there is another of equal importance. I ask you, Less Wrong...
What are you doing?
And why are you doing it?