If you want things to feel "dangerous", go back to the original system used in EverQuest.

If you die, your gear drops at that spot and you are ported to your home point and have to get back to that spot while naked.

Granted, with 15+ gearsets in FFXIV its still only a minor annoyance, unless they also lock you out of changing classes or gear until you get the dropped set back.

Of course, modern MMO players would never accept such a change, they might want it to feel dangerous, but not at the risk of actually losing anything.....

Pretty sad though that I can make a new character and walk it to Mor Dhona without it getting killed once.