According to the suggested edit FAQ, there are a number of reputation levels that are important for suggested edits.
- 1-1999 rep (anonymous user): suggest edits for any post more than ten minutes old
- 1-1999 (registered user): suggest edits for any post or tag wiki
- 2000: review suggested edits for posts
- 2000: edit posts without peer review
- 5000: review suggested edits for tag wikis
- 10,000: see the "suggested edits" tab in the review/tools page; receive notifications about pending edits
- 20,000: edit tag wikis without peer review
Right now, only items 4, 5 and 7 are mentioned on the
/privileges page. I propose adding the rest.