Aepervius
Non credunt, semper verificare
I suspect, dollar for dollar, that public transit would go way farther in terms of the goals you listed. Especially in terms of how many people would realistically adopt that option for themselves.
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Uh. No. Wear of the road is a function of weight on wheel and not linear so bicycle do next to no wear whatsoever. Public transit on road OTOH wear the road far more. Then public transit in all form require far more energy (and today in many case CO2 related). And finally Health : people biking are on average more healthier than somebody sitting their ass in a bus or train *if only* because they do a bit of exercize.
As for dollar to dollar reducing congestion ? That is a good question. I haven't seen it studied but i suspect it would reduce it, if only because mass transit go at fixed time and fixed positions, while bicycle are spread over time and surface.
In all practicality your answer was really poorly thought out. I am beginning to think the "hate biker" is far more a reason than you want to admit.