It's a quest. Sometimes you don't need better equipment. It's something to do that can be fun for another. It's a game. Just have fun even if you think something might suck. Do it.. or take along a newbie and help them. Wow now that is something to try =)
Maybe if you could use these items as quest components for something even better, they would be worth questing.... or if they would give the exp level that the hero bracer quest did before spawn rates were nerfed.... Perhaps an upgrade is in order? but until then.... vendor fodder :)
Give me a break. Who would waste their time doing this quest? I mean really, at this level you should have something better. Not only that, but the drop rate on most quest items in TS is pretty slow.