I think I wouldn't be upset if it's based just on the specific items you mentioned:

Ham radio HT: who are you going to talk to over it anyway? A cell phone with SMS is probably more useful.

AA batteries: why carry them if you have nothing that uses them? Anyway they're the easiest battery size to scrounge.

Flashlight: Stick a bunch of 50 cent Photon II clones ("Fauxtons") in the bag. Really, in an environment like NYC you don't need a powerful flashlight, you just want one that can light your way around a dark space.

.5 liters water: how much water are you reasonably going to EDC anyway? I'd say put a few 1 liter freezer-type ziploc bags in your kit, they are good for carrying water with just the slightest bit of extra care compared with real waterbottles. The 1 gallon bags are good too, but more unwieldy so they need more attention. The new ones with the sliding zipper-like seal leak water a little bit at the very corner (tolerable if you're just carrying a bag or two from one place to another). The old press-seal type don't leak at all.

FAK: yes you do need to address that.