Deart Terry Padden,
Thanks for a wonderful and most enjoyable essay. If I may, I'd like to address it in terms of What, Why, How, etc. and then look at your ten points.
WHAT?:
The problem you so beautifully and competently describe is exacerbated by two facts:
1) The last major particle physics occurred about 1975.
2) The law of 'Publish or Perish' was not repealed about 1975 (or since).
Several essays quote Korzybski's "the map is not the territory". But when physicists run out of new territory to map, they simply switch to making more *ornate* maps of the old territory. After a while this becomes pathological, and the Platonists even begin to claim that the most ornate maps actually create territory. Others simply imagine new territory, and, as I have pointed out, then publish papers on "postulated, but never seen, phenomena" used to explain other "postulated but never seen phenomena".
And institutional control of the mountain is based on "throw rocks down on new climbers", which is very effective at keeping new thinking from getting inside the gates.
You ask, "Is mathematical physics meaningful?" When it serves only to provide more ornate maps, NO! But for much of the last century it served to identify the inhabitants of the particle zoo, beginning in 1900 with the alpha, beta, and gamma rays. This was done by smashing particles from minus infinity and looking at them at plus infinity. Unfortunately, that meant that particles looked like "points". It worked, but the best scheme for doing this was symmetry groups, allowing matric transformations, and quantum field methodologies.