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I'd hate to turn this into another who'd beat who thread but Hobbits were not capable warriors, even at need. For this, they are simply too small and untrained. Sure they were tougher than they looked and managed to beat and chase away the Men of Saruman, but that was mainly thanks to Pippin and Merry's clever ambush, their superior numbers and, last but not least, their opponents' underestimation of them. A small number of well trained and armed men would've made mincemeat of the Hobbits (disregarding the option of guerilla warfare).