Yeah, as a mage who wears steelwood in games and plays in alot of them I have never gotten hit for more than mid-high 30's when my wall was down unless the hit bypassed my armor..if you are even wearing normal steel armor you will be taking less than that, not to mention giant steel.

I'd personally rather see custom RP item peddles or renaming peddles even though they are sort of OOC, the peddles that drive my characters are the ones that allow me to aquire something that helps me define my character in some small way, Occasionally i find an item like that at a peddle with premade items but few and far between. The way i see it if the item isn't horribly out of character or in some way mechanics breaking you should be able to aquire it easily for the right price...

~Greolin