I just started hunting the Tigeraptors. When I get in trouble, I hide in Skyshrine. While in there healing, I notices that I was foraging a ton of Drake and Wurm eggs, it wasn't a rare forage at all. My foraging is only at 167 too.
After discovering that, I realized that the components won't be hard to acquire at all.
Also, as to the viability of the armor, its excellent stats are perfect for a Fear kiter like myself. I'm planning on using this, along with a few pieces of Twilight armor to get my Str, Dex, and Wis pretty darn high for my level. As I always solo, and I always fear or DOT / Bow kite, I'm really not worried about the AC. If I get to a point where it does matter, I'll get myself a suit of Tolan's to keep in a WR bag, to whip out when nessecary.