I would, and maybe it will shut up a few of the "there's nothing to do" crowd.
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If it looked cool and had good stats, I'd definitely go to the trouble of getting relic armor, for what it's worth.
I would, having control over the exact stats I have on my gear would be nice. I know it's the popular thing to say that substats don't matter most of the time, but I enjoy number crunching.
Also, if no one does it, it becomes a status symbol. Like Necromancer, Legends or hunt related titles.
While I was mostly joking on the skill issue post, I am completely serious about the idea of Relic armor, even if they made me work for each piece, a huge thing for me is that I want goals to work on, it can be hard, it can have low drop rates, it can have its sweet time getting there, but I want things, like I am one of the people who loves OC, you know why I am not there every day anymore? because I feel I did everything there is to do there other than sit around doing pots all day for the achievement, I am on my 4th set of +1 armor just so I can spend all the gold and silver I am getting on something, and I want more things to work on, so a form of relic armor would give me that further goal, I don't even necessarily mean in OC that was just an example, but a goal anyway.