As mentioned before, you really don't need to go for those shiny IV materia for a good relic. It just won't be optimized, but you wouldn't see the difference anyway unless you're a super hardcore min/maxer (which is irrelevant at this point because we can overgear all content in this game, including Final Coil). Working on my second relic right now, and I'm avoiding IVs just for price reasons (also because I'm working on Omnilex/Last Resort I have the liberty of throwing accuracy on because of Coil).

Quote Originally Posted by otarolgam View Post
To top it all off, I just watched a video about converting that happened BEFORE 2.35 and that you could get good Materia without much hassle, but now the pool to get Materia's has widened! I could get i90 armor, Spiritbond it and only get an Elemental Resistance Materia when I wanted Heaven's Eye Or Savage Might!
What? The materia pool has never changed. You always had a chance to get elemental materia regardless of what combat gear you converted.