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Commodity currencies don't usually have hyperinflation but have frequent bouts of deflation, which can be really bad. When currency deflates everybody tends to not buy anything because "it will be even cheaper next week." This stifles the economy and can lead to a death spiral where nobody's...

Yes... which is why pointing to them as an example of a country that doesn't handle its own currency is a reasonable thing, giving up having a national currency stabilized the nation hence they belong on the list.

Zimbabwe has dramatically improved over the past few years, though still not exactly rock solid it's gone down the list of fragile nations many positions. Getting rid of their horrifically inflationary currency and replacing it with another nation's has helped them tremendously.

This (only this part, I think the rest of your points are good) Imma disagree with. There's a significant number of successful nations that do not use their own national currency but are not failed states. Panama uses the US Dollar and doesn't ever mint its own currency, f'rex, as do several...