The biggest problem is this:
The best armor is Orange armor.
No one at 50 will buy green, blue, or purple armor; and synthweavers can't make orange (with a few exceptions but usually chest, boots, or gloves which are easy to get from commedations). So we're screwed at 50 and at basically all levels since as soon as someone has orange armor that's all they need for the rest of their character's life.