Nah!
The "King" would have to - Or have the ability to:
1. Attend here on a reasonable regular basis.
2. Be active in at least General, Customisations and Template forums.
3. Participate in creating MODS and helping others do the same.
4. Create somewhat new - or cloned styles.
5. Assist users with troubleshooting problems.
6. Preferably have his own "Support Site"
So when Someone with those basic requirements appears on the scene - He or she should be offered the position of "King of the Mods" or Queen etc.
PS:
7. Be fluent in the "Queen's English" would be more than helpful.