This game is still up in it's entirety on Fuck95.. which means it's not really loli? This is confusing that is is included in games +.
There is at least one scene, with Kuvira using youth potion(s) to look like authentic 8 or so years.
Another one where Korra uses two potions if you don't stop her (IIRC the Kuvira scene was much more realistically drawn though).
But the dev went back to the vastly aged-up versions of the Tenzin daughters for the Slave Book epilogue. Not sure if he ever dares anything like the above mentioned scenes again. The recent update only hints at yet another scene with Jinora, using her version from the original Slave Route Book 4 which we have already seen a couple of times, years ago. Ikki in her real age-appropriate version from the series probably won't get any scenes.
Generally not worth it for the little amount of L-content. You'd be playing this for several days even when skipping all the text, for maybe a handful of scenes spread all across Book 4. The older scenes with (old) Ikki and (young) Jinora are not very loli-ish and not particularily well drawn.
Now for the F9.5 moderation. I believe someone already posted a screenshot of the mentioned Kuvira scene, but it was silently deleted? But then there also are similar, potentially more bannable preview images for the next "Daily Life in my Countryside" update which haven't been deleted in weeks.
Point is that F-95 always does a staff vote about their rule7. If the game has 3D renders, anything Loli is automatically gone (not Shota though). But they have for example some Pixel-Art hentai with the protagonist girl being around 8-10, and her little sister being around 5-6. And the content is pretty hardcore.
Once they voted on a game, it either is permanently allowed or permanently banned (unless an update significantly changes the offending content).
For this game, they probably want to feign ignorance, or they already voted that the game can stay with the Kuvira and Korra scenes included.