(iii). The passing there – This phrase refers to the people passing through the grassy road. The poet felt that around the same number of people had trodden on this path, as on the one that was going the other way. He couldn't say that the road was less travelled.
(v). How way leads on to way – This phrase refers to the author realizes that 'his hopes' will come back and trying the 'other path' may not be a smart thing.
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(iii). The passing there – This phrase refers to the people passing through the grassy road. The poet felt that around the same number of people had trodden on this path, as on the one that was going the other way. He couldn't say that the road was less travelled.
(v). How way leads on to way – This phrase refers to the author realizes that 'his hopes' will come back and trying the 'other path' may not be a smart thing.