So changing that condition still doesn't show the link to the mods? You can always have it usergroup based. Are all your mods in a particular usergroup?
HTML Code:
<if condition="is_member_of($bbuserinfo, 5, 6, 7)"><a href="$modcpdir/index.php$session[sessionurl_q]">$vbphrase[mod]</a> -</if>
That should show the link to all Super Mods, Admins, and Mods (assuming the default usergroupid).