I only do Voidwatch in the first place because I enjoy killing things with friends. I don't expect it to be rewarding. Apparently, that isn't really going to change as much as I'd hoped. Oh well.
Admittedly this is why I do VWNM as well. Its a fun challenging LS event that lets me play COR finally (after 2 years hibernating). I view these equipment rewards as the cherry on top. Great if you get it, but I'm not losing sleep, nor am I spamming fights and hoping to run into a favorable RNG. It's a bide your time activity until SE comes up with content that is engaging and gives one a sense of progress.

it's nice that the lucky bastards that win the lottery twice get an item that will likely have good value. Its at least incentive to keep doing the same fights once you obtain your gear. Still doesn't help the luck challenged at all.