Sharku, thanks indeed for referencing that thread. I missed a classic!
Jallanite left us with a similar one
here, although it was originally on the Downs, I am not sure where it lives anymore.
Anyway Obloquy's offering and the following discussion do indeed clear up many questions.
Unfortunately, this whole discussion highlights the bizarre place 'The Hobbit' occupies in the Canon.
It is really as different from LotR and the Later Silm work as is Lost Tales. And really can only be considered in many lights in a sort of semi-canon way.