Thanks for the responses.  Not mentioned is a 20’ length of 550 paracord.  I could easily drop a DR PSP in the bag, but question what would be gained.  This “Bailout bag” is for a more or less benign environment (a true benign environment doesn’t require anything but a smile) where I would like to take additional gear that some here might consider EDC.  EDC for me is pocket carry.  
The FAK is minimal and not designed for more that small cuts/scrapes, although in addition to the band-aids it does have a 4x4 and EMT shears which may allow for expedient first aid.    The FAK in the kit includes: 
3ea. 2” X 3” Fabric Bandages
3ea. Fabric Finger Tip Bandages
3ea. Fabric Knuckle Bandages
5ea. 7/8” X 3” Fabric Strip Bandages
4ea. Alcohol Prep Pad
4ea. Povidone-Iodine Prep Pad
3ea. Triple Antibiotic Ointment
1ea. 4” x 4” Gauze Pad
 and 5.5” trauma shears.  I may add a small roll of first aid type tape.
I won’t be adding water purification, that’s outside the scope of this bag; I might add a water bottle.  I have added a 5x8 spiral notebook & pen for taking notes.   
Like most kits should be, it’s a work in progress.