You are absolutely correct, Starbrow.
All the acient elven-stories derives from lays/songs/poems. In some cases the poems are better than the stories. Eg : The Lay of Leithian/the story of Beren & Lúthien. IMOBucky wrote :
I DESPISE Tolkien's poems/songs ~ skip over 'em unless I was reading the books aloud to my children, lol.