Ive no doubt that is what you believe.
There is more to it, the exalted ones were the tree of life and tree of knowledge envied by Adam, and Adam all he had to do was keep straight with relying on their light for God's word and for seeing the proper God, but because Satan swore by God he was sincere, and tricked them that they can attain this status of perpetual authority and high position and that all he had to do was disbelieve in them and compete with them, Adam fell from grace, questioning the exalted ones wanting to reach their position. He attained his former rank when he repented through appealing to God through them and if he kept straight to using them as intermediates with God, everything would been fine, and he would never have swerved.
The story is of love and envy, and then the son of Adam that envied the other son, did so, because one had Taqwa and faith, and he didn't.
This is the story of the world now, and Pharaoh oppressed the believers (spiritual offspring of Israel) because he envied the chosen ones. He relied on soothsayers and knew Moses might be born and so went out of his way to kill all sons of the believers and spare the women.
All the males that remained, according to hadiths, the women would sent them off to the cave and wilds as babies and God would take care of them, and they would call out to God by Mohammad (S) and his family (a) to protect them.
The exalted ones can be the ones who took rest, not God, so a better translation would be the exalted ones created things in the start.
Again, to me, it makes sense the Prophet to come was being awaited per words of people to John who was neither Elijah or Christ, and so Mohammad (s) is that Prophet. It makes sense he is the light by which everything was created, and they the exalted ones are the ones who took rest, not God, because God doesn't need rest.