If you are really committed to not doing anything the companions did not do. Then send me your cars, iphones and modern homes etc. Let's see if you mean what you say!
Did the companions love the Prophet (may Allah bestow peace and blessings upon him)?
Of course, that goes without saying! This love is the essence of the Mawlid because it is about reconnecting the heart with the cause of our salvation which is the being of the Prophet (may Allah bestow peace and blessings upon him). So when you attend a Mawlid you are doing what the companions did by reattaching your heart towards him (may Allah bestow peace and blessings upon him). Mawlid is a means to attain to love just like that plane is a means to Hajj, the printed Quran is means for you to read it and so on. Therefore, this is following in the footsteps of the companions.
Look how the companions fought for the splashes of his (may Allah bestow peace and blessings upon him) wudu water, for a strand of his (may Allah bestow peace and blessings upon him) blessed hair, one companion explained how he (may Allah bestow peace and blessings upon him) was the beloved person to him. All the companions thought they were special, it was all love!
Most of the companions read the Quran without dots or vowelling, can you do that? I do not think so! Some of you cannot read it in Arabic (reading in Urdu-bic instead) never-mind read it without dots or vowels! You are doing something the companions did not do! This argument does not hold any water because we would all be lost without the vowelling and dots!
It does seem strange that some elders force youngsters to attend. Love is not forced and nor can it be taught by force.
Generally, Muslims should make an effort for 'Id/Eid celebrations and not allow their kids to be infused with other celebrations!
Passing and birth on the same day?
There is a silly argument, from some, that the Mawlid is on the same day of his (may Allah bestow peace and blessings upon him) passing, namely 12th Rabi Al-Awwal. They claim we celebrate his birth on the same day as his death!
Most of the books that I have checked stated this (12th) date. Only two books state the 13th Rabi Al-Awwal which are Nur Al-Yaqin by Sheikh Al-Khadrami (p. 264) and Nasab Al-Labib by Umar Al-Muhadar Al'Awali (p.16). Some have said Monday or Tuesday as the day of passing.
Imam Al-Suyhali said in Rawada Al-Unf (3/270), "Most of them have the opinion that it was the 12th Rabi Al-Awwal; it is not authentic that he (upon him peace and blessings) passed on Monday on the 13th, 14th, or 15th; the Muslims agree that the day of Arafat was Friday and it was the ninth of Dhu Al-Hijjah then this would be Wednesday of Dhu Al-Hijjah..." "If it was Saturday then it would be the first or second of Rabi Al-Awwal..." "It cannot be the 12th Rabi Al-Awwal Tuesday or Thursday." Al-Khawarmazi said it was the first of Rabi Al-Awwal (Al-Ishara ila Sirah Sayyiduna Muhammad by 'Alla Al-Din Al-Bakjari p.252.)
Imam Al-Suyhali wrote a commentary on the classical Sirah of Ibn Hisham, so for this reason I will go with his opinion that was the first or second of Rabi Al-Awwal. These dates 12th, 13th, 14th Rabi Al-Awwal are not a definite according to Imam Al-Suyhali (may Allah show him mercy).
Even if the day is the same it does not matter because is a celebration of his life. There is a symmetry to his (may Allah bestow peace and blessings upon him) birth and passing being on the same day. Like a circle, beginning and ending on the same day. Those people say (you are celebrating his birth and death on the same time) this, should be careful not to insult the Prophet (may Allah bestow peace and blessings upon him) because this can cause disbelief.
As for the point about it being only an annual celebration. The hadith does not stipulate time so saying that is can only be done annually is adding their own speech to hadith. It can be done whenever and there is no stipulation of time.
Seen as there is no stipulation in regard of time then it can be done at anytime. If you really want to do a proper Mawlid everyday then never cheat a member of the Ahl Al-Bayt, a Muslim and any non-Muslim.
So you can either say the event of Mawlid is bidah and the love is Sunnah. Or you can say that's Bidah hassanah which means there is praiseworthy part to it. Or you can say its the Sunnah Musatab/desired act of the companions. What you cannot do is deny it and say it has no basis in Islam at all. It has the hadith and the love of the companions is enough proof. Like so many things, in that early period, it had a reality without a name.
Nor should we look down at those do not go. Some do not go because they do not understand it, so give people room to understand these issues. Some might not go because of the manner in which it is practiced, even though they agree with it.
Forty hadith on honourable character
Forty hadith on Ahl Al-Bayt
Forty hadith of rights of Muslims
Forty hadith on miracles