Touche. Lucky Beren...
Not in the sense that Professor Tolkien gave to the word "power." In Arda, "power" was, very generally, considered to belong to the Enemy (the Elves were more into Art...as for the Valar, in a perfect world, i.e. Arda Unmarred, they would not need to wield power.)
You are right; unfortunately, I've not read the Letters yet. Evil can assume the face of beauty-Morgoth after his first capture, Sauron as Annatar and in Numenor.
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