Good thoughts, and you're probably right.
One thing I forgot to mention is that I find it hard to believe that the Eagles would have been on the list. True, they seem powerful, but never do they seem to me to be part of the army. They only show up when Gandalf is in need (including to drive off the Nazgul). There is no mention of them at Pelennor Fields, and no mention of them on the march or even in the battle up until the point when they attack the Nazgul. I'm skeptical, then, that Gandalf had them in mind when before setting off on the march he said that in the army were names worth 1,000 mail-clad knights.
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