What are the optimal mysqldump settings?

After some search I ended up with the following settings:

    mysqldump\
    --host=localhost\
    --port=3306\
    --databases ****\
    --user=****\
    --password=****\
    --default-character-set=utf8\
    --add-drop-database\
    --add-drop-table\
    --add-locks\
    --complete-insert\
    --extended-insert\
    --lock-all-tables\
    --create-options\
    --disable-keys\
    --quick\
    --order-by-primary\
    --set-charset\
    --tz-utc\
    > dump/test.sql

So far so good but I have some questions regarding the parameters as well as the execution.

Regarding my first concern, I just want to make sure that all of them are required and do not cause any conflicts when used together. Ultimately, I would like to make a very robust and consistent dump file, with millions of records, that creates tables, databases, and inserts data. The good thing is that making the database not-available for a while is not a problem for me. My only goal is to make a robust and consistent dump file.

Regarding my second concert, I would like to know how to get informed when then command goes wrong and if so throw an exception.

Any ideas?