Personally, I'd like a nice general pool of equipment available for noobs that will help your class out...and a number of the renovations aim to do that, provide good class specific equipment for toons starting out. All equipment above level 18 (at whatever thresholds desired above that) would be lored, so that the toon played (and only that toon) reaps the benefit of the effort of going through the quests. That way, if you were to see a level 40 walking around with a complete set of NS gear, you know that the time and effort was put in.
But that's just my opinion.
