[quote]Is that similar to upvote/downvote on reddit?[/quote]
Yes, it affects whether the thread is trending or not.
[quote]Are the up and down arrows available on the destiny companion app[/quote]
Upvote is disguised as a little star when you tap a comment or post, and you can downvote OPs by tapping their post, tapping on the three dots, and selecting "dislike."
[quote]What are the qualifications for highest-rated?[/quote]
A very high volume of likes, and I believe comments being liked in the post also affects this.
[quote]What are the consequences for high or low scores?[/quote]
If it's a high scoring post, it hits trending and highest rated. If it's low scoring, you'll only find it in latest.
Bungie is still working on the system quite a bit, and I don't work for them, so I don't know all the details. Hope I helped though :)
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For sure! Thanks!