I'm not worried about undergearing or whatever
My primary concern is that the very system itself pigeonholes gear progression into a very boring linear path
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FFXI had mostly Horizontal progression for most of its life, it gelled really well with the decade worth of content that it had and diff BiS gear from diff sources so you never really felt like grinding away at only one thing. A lot of people enjoyed this because you never really felt you were on a hamster wheel grinding to gear cap and waiting for the next update to invalidate your earnings. On top of this the battle system in XI was designed with gear swaps mid battle so while a piece of Gear was BiS for a Weaponskill it wasnt BiS for a spell's Pre-cast set or Mid-Cast set or a Damage Reduction Set or a Idle Set. I personally enjoyed it (as I saw someone describe it) since "each piece of gear felt like a card in a Deck" and you had all these events to get the best gear for a specific purpose so it kept the gear grind rather fun especially knowing that what you earned wasn't gonna get blown out of the water completely, maybe by a few stat points here and there.
Then Seekers of Adoulin came out and they put one of the Battle Leads in charge of FFXIV 2.0 in charge of XI and we now have Ilvls up to 118 to circumvent breaking the 99 cap so now we have gear with paragraph long stat descriptions and monsters essentially sniping players mid gear swap since when you swap out of ilvl gear you effectively are at a lower lvl.
That's a oversimplification I'll admit but it's my take on XI's handling of Gear past and present.
FFXI didn't have item levels, and it allowed you to switch gear in the middle of combat. People would carry around multiple gearsets, like a set for damage dealing, a set to macro into when pulling off a big weaponskill to take advantage of STR modifiers on damage and then switch back to their other gear, mages would have a debuff gear set and a healing / damage gear set, etc. The gear didn't have every single stat pasted onto it either like FF14 does, so you'd have good ACC pieces, good STR pieces, some gear with Haste, gear with unique buffs like giving you a % to double attack, gear that augmented your job abilities, etc. FFXI was set up in such a way that you didn't replace every single piece of gear each time new content came out, and there was still reasons to run old content for great gear. There were plenty of sidegrade options that if you didn't like one endgame activity, you could do a few others and get comparable gear, and compiling a gear set was a matter of looking at what you have, what you could get, and what stats you needed.
Conversely, FF14 is just get the best for your level > get your artifact > get your darklight > start working on Coil and myth gear.
The people that always complain about ilvl and "elitists" are the ones still in af and refuse to spend time to gear up. I'm sure that's why "elitists" are sick of you care bears.
It was an interesting system for sure, but also a very bad one. You can't just pump more and more sidegrades into the system and expect good things to happen from it. All it lead to was people needing to use 3rd party tools to make macros to utilize it all, and created an absolute inventory nightmare that is still there to this day.
Vertical gear progression and ilvl is a good thing, and one that I'm hoping they stick with. As was already said, you don't need ilvl for people to judge you by your gear. They will already do that. Bad gear will be bad and good gear will be good regardless of what number SE puts next to it.