I agree, the point you are delivering is very different, but I did want to point out that, OEMs and RPMs are getting inflated because of the same root of problems that have lead story mode operations to this state that they are currently in.
Of course, the Legendary Augments are not that significant in stats, but they were something only obtainable through harder content meaning they were part of the reward table.
Back in the launch of the expansion the only reason people outside raiding communities and teams would do MM or NiM content was for them to obtain 330 gear as for all the other methods of gearing was capped and 326 for PvE and 328 for PvP so the reward table for NiM and MM content was the sole reason people would even consider doing NiM content however unsignificant it was (Farming of Nefra and Dash on NiM). But now every content except for R-4 Anomaly VM provides an easy way of obtaining 336 gear that are little to no different in stats so why would a new player even consider doing harder content while they can just do veteran mode flashpoints and obtain 336 gears with the same stats? There is no longer any point for the player base to do harder content other than collecting achievements and having fun learning and beating the hard content with their friends or team.