Sorry Seostew but I don't agree with you on some of your points!
1.) Use the core/parent adgroup keyword three times in the ad text and display URL.
Don't you mean use the keyword or phrase in Title, description or ad body and display URL. It would also help if the keyword or phrase was in the destination URL.
2.) Bid on all three match types for every keyword/keyphrase: broad, phrase, and exact.
(This will get you more clicks for your money).
It is not very wise to bid on broad terms as this will most certainly increase your traffic but it will not be targeted traffic.
For targeted traffic it is better to use exact and negative for keywords or phrases in my opinion.
3.) Bid higher on terms that have been converting well.
Why bid higher on terms that convert well? If they convert well you should leave alone. Only when you stop converting well should you consider a few things:
1. Has the keyword or phrase been inactivated or
2. has your ad position dropped or
3. has someone else got above you by outbidding you.
Then and only then would I recommend bidding higher.
Also as far as I am aware big G has now stopped bidding wars and is using different criteria for charging more per keyword or phrase. e.g. Quality Score Rating for one, if this is low then big G will make you pay more!
Criteria being namely Quality Score, Keyword effectiveness and relevancy of the Title, ad Body, destination URL and also displayed URL. As well as CTR ( Click Through Rate) and any other variable they feel like throwing in now and then.
8.) Make ad display URLs more relevant by adding a slash /keyword. Example Keyword: Red Shoes. www.companyname/redshoes.
To do this big G will check to see if your display url goes to a site that is actually relevant and not just a display URL that goes nowhere.
So if you do do that then make sure that you have a page that is actually relevant to not only your display URL but to the whole ad. i.e. Title, ad body, display URL and destination URL.
29.) Keep ads running even when high on organic search for specific keywords. Having an organic listing and an ad has a 1 + 1 = 3 reinforcing each other and increasing the likelihood at least one will be clicked.
If you are on page 1 organically and in the top 3 for any length of time then I would personally not pay to be on the same page. I would use pause that campaign and use the money elsewhere.
The rest of the info I certainly agree with.