To add to that, the Valor gear (iLvl 55?) is actually placed in your inventory as you pick it up through doing the quest. You'll be able to equip everything as you pick it up in the world, which will give you a pretty substantial boost. The Gallant gear (iLvl 90, req lvl 50) is rewarded at the end of the quest.

EDIT: As a note, if you care about the story, I really hope you like swords.