You know, I think you are right, and I have been misinterpreting what Christopher Tolkien says about the dating of these texts. I had thought that when he said:
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I know of no other writings about the Istari save some very rough and in part uninterpretable notes that are certainly much later than any of the foregoing, and probably date from 1972
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. . . he was including the note/poem that I mentioned, but now that I look more closely, I think he was referring only to the note immediately following (and the 'uninterpretable' notes that he later managed to interpret and published in HoMe XII). This is supported by the fact that among those late notes given in XII, there is an apparent reference to the narrative of the choosing of the Istari as now being 'lost', which would indicate that it (and presumably the notes on its reverse side) had been written before 1972. As far as I can tell, CT offers no guess as to the date of either the narrative or the note/poem.
One interesting result of this would be that if the narrative is definitely from before 1972, then the latest version of the Blue Wizards' names was clearly 'Morinehtar' and 'Romestamo', not the more popular 'Alatar' and 'Pallando'. (Maybe other people already knew this, but I had always thought it was unclear which set of names was later.)