> it's never an ellipse because the Earth is not a point mass.
At least classically, a sphere is indistinguishable (gravitationally) from a point mass while you're outside it. The earth is pretty sphere-ish, locally speaking.
There are very few stable orbits close to the lunar surface. Basically a couple of polar orbits with very specific parameters, and that's it.
The rest get so perturbed by gravitational anomalies that they fall out of orbit after a few months or years--faster than low Earth orbit where there is atmospheric drag!
Yeah, the moon's gravitational field is quite lumpy compared to Earth's, due to its smaller size and the way it is believed to have formed. Plus you can orbit much closer to the surface due to the lack of atmosphere, so the lumps are steeper.
And a ball thrown in the air follows a parabola, locally speaking. At least, you're better off correcting for air resistance before you sub in the ellipse equation.