Who knows, I did see one White Collar AU where Cobb was a pretty effective agent, and that was in a far less dangerous spy-ish capacity.

Yep, that's definitely true, especially if you just consider him a guy with a cop background (and the time to build on all of that!)

Hey, iteration is always fun ;) Or at least it's cool how one story/question leads to another, 'till it's turtles all the way down!