Monks - The second best tank in the game?

[Lhancelot]

So, essentially what I have gotten from all the information here on monks is this:

1. When top geared, a monk can tank not only effectively for a group but better than the tanking classes due to extreme skill caps, avoidance, blocks, and defensive abilities sk/pals do not have. And besides not having a taunt button, a monk can hold aggro just as well as a warrior when in top-end gears.

2. When not in top-gears, a tanking monk can struggle with aggro, and so for lesser equipped monks, or group members not able to manage the aggro problems a monk could have a paladin or sk is better. A warrior might be better only because they do have taunt.

3. If a group manages with a lesser geared monk or one that isn't all that great at tanking, that group probably would do just as well with a ranger, bard, or any other melee that has some ways to hold aggro and can manage to take hits.

That's what I seem to understand regarding monks, tanking, and groups. Is that a fair assessment then?