I think its a bit of both, although primarily cowardice. He's not brave enough to finish with Lizzie properly (although who would be when she's near death like in ep 5?) etc. He is sharp enough to work out what's going on re Ruskin, Millais, Hunt etc, but also to work out what would be to his best advantage. Maybe he doesn't have the courage to finally be a 'proper' rebel and ignore the establishment, he just wants to renegotiate the establishment on his own terms? He does care about people though, he does want fundamentally want things to go well - he just thinks about himself first.
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