To pick a bit on the notion from this article which establishes the range of moral weights in question.
They say fruit flies range from a moral weight of .000001 - 20 times the moral significance of human experience. In log space, that's between 10^-6 and 10^1.3. The mean log uniform distribution, as you mention, is at 1.95. I find the significant probability mass being above 1 as implausible for fruit flies, and I will go on to explain why I think except for species like dogs, pigs, elephants, octopuses, or other long living intelligent social creatures it would be difficult to argue that they are plausibly more moral weight than a human.
Arguments for fruit flies being about as likely to be more morally significant than humans as less:
A fruit fly may experience things much faster than a human, meaning their short lives may be experienced longer than how long a human may perceive their lives to be.
They may experience things more intensely as well, given their single pointed focus on conscious experience. This means although it's possible they experience suffering more fully, it may also be possible that they can completely forget and move their focus to some other task if focusing on the pain does not confer an advantage.
They may be less "distracted" than humans, in that they experience the world more fully and in full awareness.
They are also typically considered innocent of other moral wrongdoings, so perhaps that makes them more morally valuable in some moral systems.
Arguments against:
There are a whole host of reasons to think that they could not possibly be as morally significant as a human.
I think it's reasonable to say a fruit fly cannot remember things in the long term, and it cannot contemplate or ruminate, which is one of the worst aspects of negative experiences and pain. I think most people would prefer to have experiences of extreme pain and trauma erased from their lives.
A fruit fly lives a tiny fraction of the duration of a human's life, so it would have to experience its own life much faster.
A human can be considered an ensemble or family of different personalities and conscious processes. Each one of these may have moral significance, increasing the relative moral significance of a human.
The more complex something is, typically, it is more valued in generic terms.
Humans form a network of social connections and social connections. When a human is lost, their loss is understood and grieved by many other humans, thus greatly increasing the overall negative effect of harm to a human compared to a fruit fly.
Humans have very few children relative to fruit fly, so they are likely value higher on an individual level by their families and communities.
In summary the most relevant factors for moral significance are likely the degree of social embeddedness, the experience of higher order emotions and complexity in general, the ability to grieve, long lives, and long memories, which strongly implies that humans are more morally significant than all or most other animals.
A final thought is that we don't know with very high confidence that animals are conscious in the way that we care about morally, but we know this for sure with humans. For that reason, we would be safer to prefer to save humans first, in case we were wrong about animals having conscious experiences in the first place.
Since this exercise is based on numbers I personally made up, I would like to remind everyone that those numbers are extremely made up and come with many caveats given in the original sources. It would not be that hard to produce numbers more reasonable than mine, at least re: moral weights. (I spent more time on the "probability of consciousness" numbers, though that was years ago and my numbers would probably be different now.)