This is a follow-up to: (Flags) Leave Open ~ Declined, Looks OK ~ Disputed?
A long time ago, both types of flags had the same type of behavior. Both would place the post into the respective community review queue and the private moderator flag queue:
If review comes to a positive consensus or if the flag is manually reviewed by a moderator who decides the flag is correct, the flag is marked helpful.
If community review disagrees with taking action on the post, and a moderator doesn't handle it from the moderator flag queue, the flag is marked disputed.
If a moderator disagrees with the flag from their private moderator flag queue, the flag is marked declined.
However, the system was later changed to never put recommend closure flags in the private moderator queue, as this effectively granted a privilege to lower-rep users that wasn't granted to higher-rep users (the ability to have a potential closure reviewed straight by a moderator). The third outcome above would thus never occur, and so recommend closure flags could never be marked declined. So SE simply changed the system so that a negative community review consensus would mark the flag as declined rather than disputed.
But I would like a change in the outcome behavior so that both the close flags and the NAA/VLQ flags can be dismissed in the same way:
If the final result of the review was "close/delete", AND the whole review was complete, the flag is marked helpful.
If the review is fully completed but the final result was "leave open / looks OK" (but some users may have voted to close/delete), the flag is marked disputed.
If the review was UNANIMOUSLY "leave open / looks OK", or if a moderator declines it via the mod flag queue (for answers only), the flag is marked declined.
This would also make the review results more explicit and accurate to the flagger. Related.
UPDATE: status-declined according to the first answer. But still (in my opinion) a UNIVERSAL "looks OK" outcome on a LQP review should mark the flag as DECLINED rather than disputed.