That was a nice read and an interesting interpretation, but I disagree in some regards. I don't really believe any choice was really the "wrong" choice, which is what I'm getting from reading your blog post. And I don't really think the developers intended for the saving Chloe ending to be as hollow as you say (There is a post somewhere in this thread that links to a developer saying their budget ran out and that the ending was supposed to convey that their love/friendship is now stronger than ever, or something, I can't find the post). I personally don't think the ending was as hollow as you say, and it's my preferred ending.
The sacrifice of Arcadia Bay could also be seen as Max maturing in that she realizes that going back to the past and changing things keep making things worse, so she realizes that she should stand by her decisions and accept the consequences and maybe stop using her time-travel abilities.
Hope that makes sense, I'm not the smartest person ;P Anyway that was a nice read and it made consider the other ending. Before reading, it I just refused to acknowledge its existence. (Still haven't watched because of the feels >.<)
I loved this game. I'd totally triple dip if they release a physical copy of the game