I see no reason to convert our exp points into items and such when there is plenty of things we can still merit. Some of it is stuff people haven't even bothered to consider yet, like using the merit system to continue progressing job traits. Merits are used for progressing your character beyond it's capped level. It should never be used for anything else. It is the spirit of MMOs and there's a special spot reserved in hell for game developers who dare cross that line.
If we really want points to not go to waste then push for ultra mega grind merits that will take months and months and more months of Abyssea exp to finish. Other games have done it as their be all end all experience point grinding for end game characters to max their characters strength. Generally the end result is a tiny boost(but generally worth it) to your character so it's not really something you would grind out exp in Abyssea for hours everyday for weeks per merit you aim to finish, though you could.
I'm not sure how well that might work for FFXI but it's an idea towards character strength progression and not wealth progression.


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