This is better 10 more AC, and a consideral amount of HPs/mana. Really though, it is the 3 aug slots that make it stand out. Depending on your class, you could tailor it to your needs and fill in the gaps. Being a ranger, I might consider adding the Glowing Prism of Brawling for +5 STA, +5 DEX, and +20 HP.
As a 65 ranger I was getting 51 points per successful adventure. At that rate this thing is mine after 15. Beats the crap out of Skyshrine BP and takes less time for me to farm. Items like this have made the less-then-uber guilds stop raiding.