Whoa, Nellie, Morgoth Bauglir! I think you need to to go back and pick up on a major theme of the book, there.
The whole point that Tolkien was trying to make was that Men, Elves, and Dwarves would have quickly succumbed to the power of the One Ring. At worst, if they had taken the Ring, they would have been overthrown by the will of Sauron, and become his servant. At best, they would have overthrown Sauron, but become just as evil as He was.
It was only the Hobbits who had the type of spirit that could not be subdued by the power of the Ring. The worst Hobbit around - Gollum - only wanted to hide away and keep the Ring for his own. The best of the bunch - Bilbo and Frodo, were able to carry it many years without any desire to use its power to conquer or rule M.E.
It is the opinion of many (myself included) that Hobbits were created specifically by Eru Ilúvatar, in order to have one Race who could resist the lure of Sauron's Ring. Hobbits are by nature a quiet, unassuming race, with no desire to rule or control others. They make the perfect Ringbearers.
If Aragorn had taken up the burden of the Ring, he may have resisted its allure for a short time, but eventually he would have succumbed to its temptation. At that time, he may have defeated Sauron, but the Ring would have corrupted him utterly, and he would have become as Evil a force as The Dark Lord Himself.
Believe me, Frodo was not "replacable".
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