Your tanking what fine with your 35 lancer? try tanking an nm...you'll break like glass, even with all those defense abilites from other classes. also you'll want defender II which is a mrd 50 ability at which point you'de just tank as mrd50 anyhow. =p
LNC is a great tank even on NM's with all the right skills, I do agree I'd rather have a 50 GLD or PUG who are equally as loaded up with skills and traits but to say LNC is a paper tank is incorrect. You wear the exact same gear as the GLD. One of the hidden benefits of tanking on LNC is that you can also participate in meaningful BR's by using invigorate. So far tanking everything on my LNC is cake with the exception of greater buff which requires some healers who know what there doing still viable as a small man group of 5-6 without too much struggle.