Not like we can really give you any numbers or stats on it really, but, of course when supervising you can (hopefully) avoid more reports by actually responding to people, and also avoid any bot issues by watching it and fixing any mistakes manually. So babysitting IS safer, but that being said you can still defiantly get banned just based on the fact that you're using a bot, regardless of weather or not you're monitoring it. It has happened before.
TL;DR: It'll decrease your chance of getting banned, but not eliminate it.