I have been told countless times that managers throw away multi-page resumes. This may be FUD, but I bought it.
At least in the UK, that's pure FUD. Looking too squished-up or padded-out counts against you more than having too many or too few pages AFAICS.

Hmmm. While I agree with your rationale, isn't removing the objective section a little... radical? I've never seen a resume without one.
Again, this is maybe UK not US practice, but I hadn't hitherto seen a resume with one. I start mine (warning: well out of date!) with a short summary paragraph, 3-4 lines explaining what my background is, what stage in my career I'm at, and what my specialisations are -- not because I've ever seen such a thing elsewhere, but because recruitment agencies always attach their own cover sheet with their own such paragraph, and I'm trying to influence what they write in it.

Oh, and just in case you're applying for a job with a typography geek, never use underlines in typeset text, which includes Web pages and Word documents. Underlining is an ugly workaround way of indicating italicisation on typewriters which don't have italic characters.

Refactoring
If you're applying for a job somewhere where no-one's heard of refactoring, be worried. It means they haven't looked in the software engineering section of a bookshop for five years or more.

Peter