Let's see...
Frankly, I would disregard item #1 from this list. That seems like letting realism get a little too much in the way of fun. The rest are great, and item #4 is solid gold.
Meanwhile, here are a few challenges. (They aren't all necessarily compatible with each other - it depends on what is the Dino Island)
- The PCs must evade or withstand a stampeding herd of ceratopsians... and then face whatever caused the stampede. A wildfire? Tornado? Predator pack?
- It's pachycephalosaur mating season, and the rutting males are high-strung. Best not to get in their way.
- The river is the only way across, but there isn't a ford for miles. Problem is, what could be lurking in those waters?
- Curious troodon wreck some of the camping supplies and/or get into the rations packs.
- What sinister agency has barely-trained theropods patrolling the grounds of its facility, and what is it hiding there?
- An ancient temple is rumoured to hold legendary treasures. You just have to avoid the pack of utahraptors that have taken up residence there. And maybe solve the mystery of who built it.
- Find the professor and the dark secret they've discovered at the centre of the island before your rival (probably a Belloc-like figure) does.