Naw, you definitely want the Formal Dangui, if you get lucky enough camping it (I camped it on a level 1 for a couple months before I got it)... if you mail it to your main, he can put a Greater Rune of Warding ([item=25521]Greater Rune of Warding[/item]) on it.
The Fulborg Medicine Pouch isn't that bad if you have a warlock friend & someone who wants the Ambassador title. Just get summoned into Timbermaw hold, die there, and follow your friend around as a ghost around the respawn outside until you get Honored. Depending on the amount of people there, it isn't that hard. It took me a little over 3 hours to get it, if I can recall. And you'll only discover the hold because you can't discover places as a ghost.
In terms of enchants... we're kinda skimpy on HP now. I might say put stamina onto the bracers instead of strength, otherwise it looks good. Surviving longer = more weapon procs, and the strength doesn't really make up for 9 stamina. You won't be able to get a scope on the bow, btw. Used to be Cadet's Bow was the only one you could get a scope on, but they put in a level 5 requirement on it now. =/ However, if you really want to twink out, go look get some Feathered Arrows for extra DPS ([item=3464]Feathered Arrow[/item])
For weapon, I would get Venerable Dal'Rends Sacred Charge or Battleworn Thrash Blade. The Sacred Charge is statistically better; it's slower and so you'll be proccing more lifestealing (my pref - it's hard to regain HP)/fiery/whateveryoufeellike than Battleworn. The Thrash Blade's proc is pretty fun, though.
After that, if you have the patience, work on trade skills. 225 First Aid is a must, 2k bandages mean that if you can get 1 or 2 ticks off, you regain full HP. You can also get some professions without gaining experience - I got at least Toughness 2 from Mining and Master of Anatomy 1, but I am sure you could get even Herbalism up to 150 if you really wanted to (there are some guides out there that tell you how to get herbalism up without gaining any EXP)... if you could get herbalism, that would definitely be the best. Crit also scales pretty well (6 crit rating from Skinning = 11% crit more). For real fun crit times, wait for someone to turn in Onyxia's head, for Rallying Cry of the Dragon Slayer.
Also keep your bank stocked full with consumables. Rumsey Rums, sharpening stones, scrolls, potions are your best friend. Discombobulator Ray, while kinda expensive to make, is a must for kiting to get bandage ticks up. ([item=4388]Discombobulator Ray[/item])
Finally, just top your twink up with some fun items to wear around, maybe some TCG items if you get lucky (save at least 55 exp for Booty Bay if you want those. Between BB, Timbermaw, and towns for weapon skills, I have 275/400 so it isn't bad...) ... and then get ready to show your level 1 off! It may not be as impressive and pre 3.1 1400 hp levels, but you can still embarass the occasional level 10 in a duel.
If ya want more advice, send me a letter. My level 1 twink is Enjolras on Kargath-USA.