Yes you have some points on that but I think reading the white paper is not enough but it helps the readers to get some idea regarding the team. For me the good bounty is the one who will sent each participants payments.
yes you'll right, Reading the white paper is not enough but it can help a lot. reading not only the whitepaper also the detail of the campaign and to its campaign manager. Always took for their red and green trust count. you can find nice campaign when you are putting some of your time in reading..