Horse-
related..... Hmmn.
How about "Bard" = equine armour, making the password "Arod" (again)? But I don't see how that would relate to the second part of the clue. Unless the English upper class are in the unlikely habit of referring to one another as "a damn fine
bard."
If it's not that... I think I'm going to be trawling through hobbit family trees, to see if there's anyone called Bronco Bracegirdle, or whatever.