[Admin]

My postbit_report template:

<a href="report.php?s=$session[sessionhash]&postid=$post[postid]"><img src="{imagesfolder}/report.gif" border="0" alt="Report this post to a moderator"></a>

postbit_editpost template:

	<a href="editpost.php?s=$session[sessionhash]&action=editpost&postid=$post[postid]"><img src="{imagesfolder}/edit.gif" border="0" alt="Edit/Delete Message"></a>

In my postbit I just place this:

			$post[report]
			$post[editpost]

where I want the button to appear.

BTW, it's coded so mods and admins will always see the edit button, and also the report button.
Only regular members can't see both of them at the same post.

So I would say you're fine...