That was a really long menu. I do use "Save Link As…” when the link is obviously a file to download and I don't want it in the default folder.
I think that I never used “Set Image as Desktop Background…” in all my life. That's a very narrow use case to get its own menu entry.
Incidentally, “Save Link As…” is mislabeled, because it doesn’t save the link (which would be possible), but the resource the link points to. It still confuses me whenever I occasionally see it.