Welcome indeed, Njawl! Have you had a squirrel cookie yet? They're really quite good…
Honestly you do make an excellent point, but I worry about the accessibility for others. Most of the major remaining settlements seem to coalesce around the Baltic; Lofotur's really quite out of the way. I could, however, see it becoming rather prosperous in its own way--maybe not the trade capital, but an important trading post in the north nonetheless, and one that provides goods for both Norway and Iceland. (Reckon you're on to something!)
And in any case, I'm not from the region nor can I claim special knowledge of it, so there may be bits I've missed.