Might Bombadil and Sauron balance each other out? Bombadil was not drawn to the one ring, and didn't have anything to tie him to it. Sauron created the ring, and his existence relied upon it. Bombadil was content with wat he had, preserving things and the like, when Sauron was always seeking more power, destroying all that is good. Bombadil was a bit of a hermit, older than the old, and Sauron was of the ruling class, there from the beginning.
I would like to say that Sméagol is closer to the anti-Bilbo than the bad side of Frodo. Bilbo wasn't always your ideal character. Before his journey in The Hobbit, he was a rather proud, high-strung individual. Afterwords, as the ring-finder, he became more charitable and open, although not entirely so(consider the Sackville-Bagginses). Sméagol, later known as Gollum, started out as the rest of his race. When he became the ring bearer, he avoided contact and was consumed by greed. When he lost the ring, he searched for it unchecked, where as Bilbo controlled himself. In everything that the both of them were subjected to, they reacted in opposite ways.
Frodo seems, on the same note to be more the other side of Isildur than Gullom.
What is the alter-ego of the ring?
' "Saruman," I said, standing away from him, "only one hand at a time can
wield the One, and you know that well, so do not trouble to say we! But I
would not give it, nay, I would not give even news of it to you, now that I
learn your mind. You were head of the Council, but you have unmasked yourself
at last. Well, the choices are, it seems, to submit
I will take neither. Have you others to offer? "
--Gandalf, LotR Book II, The Council Of Elrond
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