A lot of fair points, but I'm sure Morgoth would be pleased with Sauron. What he did in middle earth when he wasn't around. Loyal or not Sauron is the puppet of morgoth and will be til the end. You say Morgoth wanted chaos and Sauron order, which might be true but still the way both of them tried to accomplish their goals were much alike. Sauron was loyal to morgoth as long as morgoth was around and he'd still be loyal if morgoth was there. There was never a instance when Sauron turned his back to morgoth, he never went to Valinor therefore he stayed loyal in my opinion. That their end goals are slightly different doesn't matter, Morgoth would have been pleased...very pleased. That is all that matters. I don't think we can for certain say if Sauron considered himself greater than morgoth in any way.
Sauron is more loyal to Morgoth than he is to the valar by being loyal to himself.
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