i agree People do too much. Dips,Benches, Military press....enough. Maybe incline ez bar extensions with the mentioned lifts. I think direct work on arms is also good but i am not a pro so i stick to Basics.
Absolutely. You can stimulate your triceps plenty with heavy compound pressing movements. NOTHING ruins you elbows more than heavy tricep extensions/skullcrusher type movements, they place a huge stress on the tendons. Try heavy overhead presses to really stimulate your whole tricep (the long head muscle tends to lose out on bench press type movements)