Apart from the final outcome in our speculative setting, we have to bear in mind that in the book version each member of the Fellowship used the maximum of his potency. In the what-if setting, the losses for the West would have been far greater at any rate, since both Saruman and Sauron assaulting Minas Tirith could not have been dealt with in that scenario. Aragorn could not have saved the day on the Pelennor when he had been in Mordor, for example.
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