Brendan,
I am not an expert in the mold area/??
Not sure..
But I can help you with the grass clippings,
when you pile the clippings, you need to have a pile of brown a side of your other pile, then as you go along putting in the grass you layer the brown into it **Think of Lasgna* when you do this process...
And you actually need more brown to green ratio for your pile to work effectively!!!!
Think of the brown, ie; dried leaves, dried things from your garden *
flower stalks, etc.* as the paper or wood on your fire...
Think of the green, ie; grass clippings, kitchen scrap's, etc... as the gasoline on your wood or paper...
The green gets the brown going!!!
When you only have green *grass clippings* the gas has nothing to ignite and just turns to a slurry of mush....
The mold is a product of the grass
NOT GETTIN ANY AIR, when it starts to decompose, it has no where's to go, thus trapping in moisture when it heats up in the decomposing process, and causing the mold..
I would not be qualified enough to say that it is not bad or good for the garden...
I would think the mold would be one of natures way in the decomposing process when there's no air to a product, it has to do some form of decomposing???
Nature has a great way of taking care of her self, when things aren't quite done right!!! Now whether or not that stuff then harms the other
plants it goes on as compost/cover I am not sure!!!
Hope this helps a little!!!
Weezie