That's all true, but one should emphasize that the Dirac equation is not so easily interpreted simply as the relativistic version of the Schrödinger (or more accurately the Pauli equation) of an elementary spin-1/2 particle.
The reason is that the naive interpretation of the Dirac equation as an equation of motion for a single-particle wave function doesn't work out, because even for the free Dirac particle the energy is not bounded from below, i.e., there is no stable ground state. For free particles you could say, I just only consider the positive-energy states as physical, but as soon as you introduce a potential, there is always a finite probability to also find negative-energy states in the time evolved wave function.
The way out for Dirac was the idea to interpret the Dirac equation as a many-body description, where all states with negative energy are filled with particles and renormalizing the infinite energy of this state to be 0 and this as the vacuum state. With the Dirac sea occupied, no particles could be scattered into it, because of the Pauli exclusion principle (i.e., the fermionic nature of spin-1/2 particles).
Coupling the Dirac field to the electromagnetic field (not only a potential but in a Poincare-covariant way), via the "minimal coupling" lead to the socalled "hole-theoretical formulation" of QED. This is, however, an awfully complicated way to look at the problem. After all hole theory is a many-body interpretation of the single-particle Dirac equation, and it's way more convenient to start in a QFT formulation right from the beginning. Then there is no more Dirac sea (which is unobservable anyway) and everything is more consistent to begin with. Another great advantage of QFT is that it can also be easily applied to bosons (integer-spin particles).
The reason, why a description of the hydrogen atom in the "naive" single-particle way works to a certain extent is the smallness of the electromagnetic coupling constant (Sommerfeld fine-structure constant). One can show this by typical soft-photon-resummation techniques also from QFT. A very good explanation of this systematic approach to the hydrogen atom in relativistic QED can be found in Weinberg, Quantum Theory of Fields, Vol. I.