I think 1) implies that you should give up some substantial optimisation for the sake of greater versatility (which seems approx titotal’s view with reference to overcommitting)
2) feels correct and important to me, also since I’ve been arguing in the post op linked and elsewhere that treating extinction as special is a heuristic that was useful for initial cause prioritisation but isn’t a valid reason for focusing on it two decades later.
Makes sense that range of threats should be wider (arbitrarily wide I guess, but a function of what scenarios you consider and differentiate between). I don’t see why error estimates should be thin though—there are certainly people guessing close to 100% for some risks and various mechanisms that we might not even have considered that we would consider high risk if we knew more about them, which lead to us underestimating the risks of innocuous actions by a huge amount (c.f. the recent upsurge in concern about mirror bacteria)