Google will negate the click if they are seeing high bounce rates.

Indeed but their isn't a person sitting behind a computer called the bounce rate reporter buddy...it's an algorithm and I used an algorithm as the foundation of my data analysis. So if bounce rates are normal but high for other publishers then everything is well.

It's in the algorithm. Theirs is better then yours. Trust me on that one.

When a few publishers complain to their adwords representative that they get no conversions from your site a few flags could be raised. Such as a site audit by a Googler.

Make sure you monitor your adsense messages just in case.

I have mate and I have a direct number to my publisher manager. I have a different relationship with Google. It's more personal. I also reply on paid traffic because it will converts better for us both.

In the end this is exactly what the big boys do....just check out statistics of facebook for example running ads on Google Adwords or Techcrunch or even Sears.

for one thing I'm not done testing nor will I ever be I don't need tens of thousands of clicks now as I did initially.

Um the amount od negative clicks compared to the amount of positive clicks is very insignificant....every single publisher/advertiser of adsense (adwords) is well aware that their will be clicks with no conversions.