I totally agree that Glorfindel's presence could have made the Fellowship much more noticeable to the Enemy and his servants. On the other hand, Glorfindel was a great Captain, he headed the host from Rivendell against Angmar and was capable of withstanding the Nine. As a small company the Fellowship could hardly need a second warrior of this league as they already had Gandalf, but in case Rivendell had had to send a host out they would have been in need of a capable commander to allow Elrond to remain in charge of Rivendell itself.
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