Last Place Pete I have to disagree with you on one thing. Just because you FEEL safer doesn't mean you ARE safer. Perception does not always agree with reality.
As an example most pilots feel comfortable flying light airplanes at night. Yet the accident rate at night at the time was 7 TIMES HIGHER than it was during the day. No emotion. No perception. Just the facts. Knowing those facts, they can take steps to make it safer but its still a higher risk.
I know the old saying. There are liars, *&*@ liars, and statistics. The worst liars of all are politicians, and they often make the rules. You have to understand a politician is a different mindset, especially when they have a problem that really can not be fixed. After an accident they have to in their mind find a way to prevent it from happening again.
Trouble is humans by their very nature make mistakes. Unless you can eliminate mistakes, you won't eliminate accidents. Many of the rules by which we are forced to obey are often created during the high emotion of an accident. High emotion almost never leads to good policy which means more problems, more rules and the cycle continues.
Now everyone has their own way to evaluate risks. Here is a rough idea of the process I go through when making decisions that my hide is on the line.
1. Is it legal??? No and its a done deal, but being legal does not always equate to being smart.
2 Where are the hidden hazards? Look for places where people have been hurt, statistics show create issues or common sense tells you there is a problem there.
3 What can I do to lower the risks? Riding at night adds risk, but you can drastically lower those risks by wearing lots of highly reflective clothing, bright lights and being predictable.
4. Where are my outs? If you think about these ahead of time you sometimes can have a plan of action ready to implement if needed. What to do is more or less decided. You just need to implement. Cruising along on a road with no curbs. IF someone turns right across your path, without curbs you can take the ditch and turn right too if needed. I once had an old woman turn right from the left hand lane right in front of my bike. No time or distance to stop, so I had to turn right too. Yes that put me right in the ditch and skinned up a bit, but bike and me were more or less intact. Can't say I was surprised. I knew the old woman and she never knew she ran me in the ditch and just kept going.
Finally after all that, I ask myself is this something I still want to do? If so I can proceed relaxed and aware, but not fearful. If not, I don't do it. I am way too old to give a rats behind to care what others think of my decisions. Everyone has their own process, but most of the time these types of decisions need to be made well ahead of time in a reasoned calm environment, and that is exactly what the OP sounded like they were trying to do.