Perhaps the "too long" could best be ameliorated with an initial heading on the order of Must knows with a section which would cover only para and code tags; followed by the balance of the Textual.... section and the caveats?

I also like blokhead's table but wonder if that might not work even better as the foundation for replacing the existing Perl Monks Approved HTML tags; an observation I make as one who works with .html much of the time and who finds that table (as it stands) lacking for those without .html background, "whose name (it appears) is multitude."