Tales from the Perilous Realm collects a few of his stories and his essay on Fairy-stories. All different. All mood pieces. What I mean is, I find I have to be in a certain mood to read them and enjoy them fully. A different mood for each of them, pretty much. (The Hobbit I can read in almost any mood - that's where it's billiance lies, I think, as opposed to his lesser work, LotR!
) They're uniformly good. Farmer Giles is a hoot and very wise. Roverandom is cleverer than you think, Eldo, even while child friendly as you suggest. Smith of Wooton Major is serious fairy-story material, for one in a mood for depth and wonder. Leaf by Niggle is difficult, more poetry than prose in it's effect as far as I can tell. A bit like reading the Gospels actually, simple, difficult and ambiguous, all at the same time (though I find it more literary than the rough old generally poorly written Gospels) - yes, like poetry. The Adventures of Tom Bombadil has both Middle-earth and outside-Middle-earth stuff, as you would know. Overall, the quality of the tales in Perilous Realm are at the standard of writing in TH or LotR, but they are not generally speaking, as easy to read. The Homecoming is not something I've tried. Isn't that a translation of a poem anyhow, like Gawain or Pearl? (NB There was a book about 'Snergs' but I can't remember it's title off hand. Apparently, it was signifacant in the early stages of Tolkien devising The Hobbit. He freely stated the fact himself).
! Yeah we've been busy hear at the Ol' Forum. 
Roverandom was still good as far as I could tell, just a very different sort of story.
