The fact this hat isnt nearly as good hats from say velious (Narandi Crown), Ruins of Lxanvom (diseased skullcase), Cowl of Mortality, white dragon hat, and several hats from ssra, VT, and boss mobs all spank this hat on my list.. I understand that tier 3 is not a ring event or a raid encounter but the hp on this thing is damn low as to make it near worthless to those who do not need any sight modifiers.
IMO, if you were to buy this Ornate Helm Mold in the bazaar just to do the quest for an SK... then you're wasting your cash. The stats aren't that great for the outrageous price of the mold.
I've never seen this equipped, but hopefully VI decided to leave us SKs with some dignity, and make this helm any color besides pink. HoR is pink, and most of us are looking for something to get us out of the horrid color. Fashion aside, this helm is pretty good, but seems lacking of stats for the level needed to attain it. Personally, I believe I would get a few friends and get a HotVT before this.
I think VI was hoping to give a real fleshy type of colour. And since the basics (i.e. Red, Blue, & Black) are covered in the rest of the SK plate, they chose something to offset the standard choice of color. Personally I still think it's gay, but hell might just add flavor to my already colourful outfit.