How do I tell if an SPListItem is a document or a folder

if( item["ContentType"].ToString() == "Folder")

Use SPFileSystemObjectType enumeration. Here's a sample...

foreach (SPListItem item in docLib.Items)
{
    if (item.FileSystemObjectType == SPFileSystemObjectType.Folder)
    {
        // item is a folder 
        ...
    }
    else if (item.FileSystemObjectType == SPFileSystemObjectType.File)
    {
        // item is a file
        ...
    }
}

The Folder property of the list item will be null if the item is not a folder, so you can write:

public bool IsFolder(SPListItem item)
{
    return item.Folder != null;
}

In the same way, the File property of the item will be null if the item is not a document. However, the documentation advises against using this property in that case:

The File property also returns null if the item is a folder, or if the item is not located in a document library, although it is not recommended that you call this property in these cases.

An alternate way is to check the BaseType property of the list:

public bool IsDocument(SPListItem item)
{
    return !IsFolder(item)
        && item.ParentList.BaseType == SPBaseType.DocumentLibrary;
}