Whats the honour in being last?

Peace chacha_Ghalib

Answer to first question: What is the honour in being the last in anything. Well Allah (SWT) calls Himself the First and the Last, which means there must be some honour in both states ... no? But it depends what type of last you mean. Of course Allah (SWT) is First and Last in Absolute terms, but you see being last can be dishonourable for a racer, but last man standing can be an honour for a person in a fist fight. The generic question can only be given a generic answer, but I'm sure this will suffice.

Answer to the second question: What honour does being the last messenger bestow on our holy prophet Muhammad (SAW)? That honour is whatever Allah (SWT) Wishes it to be.
We should view the last messenger Muhammad (SAW) as a sign for the end of the world. That humanity has no more chances after him. We really need to get ourselves sorted out pronto. What honour status is fulfilled for RasulAllah is upto Allah (SWT). The reason why we call him the last prophet (SAW) ... is because the Qur'an and hadith are clear on this issue. Even the hadith that you present to justify non-finality can in themselves support the contrary too.

Consider it a task that humanity were sent to Earth to establish the Kingdom of God i.e. Shari'ah upon this rock and water mass. Until that point the world would continue and we would keep having to try to accomplish this great feat. Well know this that the great feat of establishing the Law of God on Earth was achieved by none other that Muhammad (SAW), be it in a sustainable nature because we have preserved the Qur'an and a legacy of classified hadith together with ulema to hold them in their hearts and pages. There is no need for another prophet on a dogmatic basis, so no ruling in religious aspects can be overturned from now on. However, our geo-political position has been compromised and for this we need a leader ..... a messiah!