Well, people misunderstand the terms when they see them applied to something and assume it denotes aspect A of that thing when it really refers to aspect B of it. Your explanation might be closer to how many Western otaku would use the term these days, but for me moe and sexuality are very different, even if there can be a degree of correlation between the two. Moe is very much about the daughter/protecc kind of energy. Like aww shit damn that is adorable!