An amazing guide, the only problem with this I'd imagine is that you stated "Whitesmiths are expensive to upkeep, false". Unless you're starting in a well established server with friends or you already have gear from characters before hand, they are quite hard to maintain, and they won't be as effective. Your guide really revolves around having ice picks and elemental axes, although multiclienting an endower sage, if possible, and sticking to carded axes would be a good option too. I'm also surprised you didn't mention high orcs, as they are one of the easier places to level with blacksmith until you are able to one hit hill winds with level 7 mammonite, so you aren't losing that much money.
Also, for people low on money, doing the moscovia quest and killing lesavkas, depending on the rates, is also effective with just normal attacks. You make a quick buck out of it and you get aloes from them aswell, which are also effective healing items.