hm, i think there is a problem with your math

1. you're a rageblood, you're going to pump con and str. So sooner or later the increase of your AC with the hide feat will be higher than +1.
2. Remind that your rageblood vigor without feat gives you 3 thp. So if i follow your further math, you only get 15 additional thp with the feat in 3 encounters.
You should also consider taking toughness. 5 additional hitpoints don't hurt. It also increases your healing surge value and scales with tier...
My Rageblood Barbarian took Toughness at lvl 4. He has 18 con and 12 dex, so taking the hide armor feat at lvl 6 is a no-brainer (angels decended from heaven to bring me this feat)