Doug - I carry a kit, well home-made up kit, in my bag for cuts, stopping blood flow, sharp leather knife to cut off the rest of the boot or jacket, a folder thermal blanket (seems thin but works wonders)
my 2 cents are there are two things to remember:
only carry what you know how to and are willing to use
always check the equipment in the kit the same as you check your bike, medical tape can get "bad" when left in saddle bags just as wipes dry up and meds expire