Good review, I agree with most all of it.
I have always felt like The Bonding is actually one of the weaker episodes of Season 3, which is a testament to just how good that season was, because this episode is pretty good.
It's cool to go back and watch some of these and realize "This was Ron Moore's FIRST episode." Same with Piller a few episodes back. Funny how things really came together for Star Trek that year.