Paul,
Ignore these philistines, they are just envious. Duplication of core gear between your pockets and bag is prudent. One basic assumtion is always that your are going to be separated either from your bag or from your pocket gear.
Scenario: TSHTHF happens. Either a fire or an earthquake. Your just out of the showers or the pool. You have got to leave FAST. Getting dressed isn't an option. Which do you grab, your trousers or your bag?
Answer: Your bag if your known as Henry the Horse. Your trousers if your known as Andrew Acorn
Seriously: The difficency's in your kit that stand out to me is lack of tinder, lack of shelter and lack of cordage. Those are easily and cheaply dealt with. A bottle of iodine tablets might be worth considering as well.
What you do is:
Save your next small mints tin. Stock it with either cotton wool with vasiline or better yet Tinder-Quick.
Buy one of those $2 emergency poncho's from Walmart or wherever for shelter.
Buy some kermantle laid 2mm line. Not as expensive as 550 cord. I carry both. Save the 550 for serious jobs The 2mm is considered a consumable.
As a point: I carry around with me a small tin of vasiline and a pack of tissues. Looks totally innoculus but together they make a very effective fire lighter.