Very Low Quality flags are not for formatting. Formatting is something that can be fixed, usually in no time.
However, the flag description says right on it that (emphasis mine):
This question has severe formatting or content problems. This question is unlikely to be salvageable through editing, and might need to be removed.
Since it's been interpreted that if there are only formatting problems, that it is "salvageable through editing", shouldn't that section be removed? Wouldn't it be better if it read something like this?
This question has severe content issues that cannot be resolved by editing. This question is actively harmful to the site and requires urgent removal.