I agree with you completely on number 1, but would bump 3 up to 2.
I wonder if Lobelia should appear somewhere, for standing up to Sharkey's men ... and perhaps a little for her redemption at the end.
I would say the Taming of Smeagol was a very praiseworthy deed, too - even if its motives were mixed, compassion and finding a way to control Gollum (and hence try not to jeopardise the Quest) without killing him were pretty high among them.
Good point about Marcho and Blanco.
Quote:
9 - Bilbo confronts Smaug. - Facing a dragon alone requires a lot of courage and character, but not as much as if one didn't have a magic ring.
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I thought of this before seeing it in the list - or rather, going on alone down the tunnel to find Smaug there. Tolkien states in the book that that is the bravest thing Bilbo ever did.