Well, no. 1) and 2) are correct. 3) and 4) are not. We have no proof that the Eternal Ones or First Ones are individually stronger than Titans, and for the Eternal Ones it actually looks quite a bit like they're considerably weaker. They govern(ed) different aspects of reality. That doesn't mean they have more raw power.
There's a reason the Nathrezim went for subterfuge rather than open conflict.