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Good post and thank you for the great sum up. If I may add a 6th option, especially for small businesses where their page/ business title might not mean anything to most people, Facebook "title" might also be a way to drive more traffic (or give the thumbs up) to your facebook page by including a phrase/keyword relevant to the business cause.
I did an article discussing extensively here http://www.atladasmedia.co.uk/blog/111-how-to-get-your-facebook-page-the-thumbs-up (for those who read it please read onlye the Facebook title as kiesha is alrady covering the content topic here) I think it adds a lot and completes the list. For those who are not fun of reading long posts, imagine that you have a company called Xcvbn which sells "Pain relief for long-term sport training injuries".
There is going to be a complete different LIKE ratio if you create the exact 2 same pages with the following titles:
“Xcvbn “ and “Pain relief for long-term sport training injuries – Xcvbn”
Just food for thought! :-)