Re: A lot and just a little
That's plenty for a settlement. Any lunar colony will be recycling water, so you just need enough for the full cycle from sitting in storage tanks to what is in pipes and in use at any given time, to what is "stored" inside people, plants, soils etc. to what is sent through sewer lines to be treated and put back into the storage tanks at the start of the cycle.
Being able to get water on the moon means they don't have to launch a bunch of it out of Earth's gravity well. Some solar powered drone rover can go collect the 7 liters per square meter until its tank is full, return home to drop it off, then go back out again (or sit idle during the two weeks of lunar night when it can't collect solar energy to operate) until all storage is full. If more people arrive they build more storage tanks and send the rover back out again to collect more water to fill them.
It doesn't matter if the rover is slugging along at 1 kph and takes two days to fill a 10 gallon tank (depends on the amount of power required to process a liter versus what the rover's solar panels can collect while the rover is not moving) the efficiency is irrelevant since it will still be able to collect enough water to meet the needs of an additional person a lot faster than additional people can join the colony. And anyway the storage will be overprovisioned because 1) not having to launch the water means they can have extra so people can have luxuries like hot showers and 2) they will need to account for the possibility of breakdowns or planned outages in the water recycling system.