There are various other risks with Monero, such as the continual hard forks, potential for node centralization etc. The comparison is more, can we have a fedimint where the overal trustworthiness of the federation similar to that of the Monero system of incentives. You could also make the same comparison to bitcoin, but overall trust in the base system is much higher than Monero.
Discussion
And the answer would be: no
Sufficient trust in a mint would be centralization. This applies even to trust in several large mints.
I agree with your second point and Monerans have been avoiding my query on this, but i disagree with your first point about frequent hard forks. It's "how" it's done that is important, not how often. The HF's that take place are years in the making, focused on improving the single value proposition for XMR. They go through rigourous testing by skilled devs. The community can reject it, but rarely do because, and it bares repeating, they only have one goal. Privacy. No ETF's or corporate/state actors to appease, no mining conglomerates or electricity infra, no layer 2 scaling or smart contracts to integrate, no ordinals or Script externalities like BitVm.
This means only a handful of experts need to work on a given fork, itself trying to fix a potential problem, push the fix and move on with their lives, like with RandomX. Whereas with other projects you need to pass on the torch, audit Interoperability, and consult with veterans and stake holders.
Scheduled Hard forks in Monero are way less dramatic than in politics based Bitcoin and even less than in centralized upgrades like Windows going from one version to another.
Monero is so simple, it eliminates entire classes of issues that would make frequent hard forks "scary", whereas Bitcoin preserves old problems to keep legacy devs employed.
I'll let the original participants in this conversation continue it. My comment was based on the assumption that criticisms already brought up were true, so it will rest on the conclusion of taat discussion.