Notarization doesn't involve any sort of editorial control. It's just a virus scanner that's run up front and then stapling an attestation to your application that it passed the scan. It does not involve looking at the content of your app and making any value judgements about it; it's purely an automated static analysis system checking your application for known malicious code.
UTM wasn't denied notarization because some virus scanner found that it was a virus, but because it violated App Store guidelines. That's editorial control.
You're talking about notarization on macOS. Notarization on iOS is vastly different. On iOS, notarization is more or less App Store review but with fewer rules.
Honestly, iOS notarization really muddied the waters. IMO, because Apple decided to name them the same and thus presumably considers them the same, we should be just as critical of and worried about notarization on the Mac as we are of notarization on iOS.