Quote Originally Posted by Perrin_Aybarra View Post
Yup, therefore just giving the normal drops (like level 30 gears). So no harm done.

If on the other hand you do it while under the cap, you have a chance to get novelty/fun items for show OR they can go further and reward HQ version of the gears, so if you are running it to gear your lower class, you have an incentive to run it under the cap and not just going the easy way and one shot everything on your level 50.
Oh now, that you edited your OP, I see what you mean. You added the HQ stuff, so that would then indeed be more rare, powerful, and valuable to reflect the effort needed to complete the dungeon the hard way.