This line of armor would be very nice, I would think, but it depends on the lvl...
Without the effects, EQ has gone and pulled off that a lvl 45ish would be begging for new armor. Of course, with those effects, you really wouldn't need to.
But with all the effects and the full suite, 50+ are looking for the uber stuff that they can easily get ahold of.
Heck, I'm thinking this isn't all that hard to get if someone is raiding this mob and a lower lvl toon, like 20-30 manages to sneak around and when they call out this stuff, finally shows up and rolls for it.
I'm not saying this is useless, I'm saying a lot has changed since old school, and...well...I would like this whole armor set for my SK and my Bard, lol. They're awesome peices and I'd be fit for a long time =D My Bard stll has noob armor stuff! He could use some help =P