This step was already nerfed. Before, you needed 20 of each unidentifiables. Bones and Seeds could be bought for 680 Poetics, and Ores and Shells for 680 Esoterics. Tokens from Gordias and beast tribes were more than double what they are now, and Allied Seals were 1,000, not 300. Also, the crafted items were not available via GCs, but only through crafters. And they had to be HQ, so you could easily exceed 1mil for just one stack of 4, more on smaller servers with less crafters. My server has tons of crafters, and I spent 5mil on the crafted items.

If you think it's bad now, try doing it pre-nerf. .-.

So no, it doesn't really need a nerf. Light probably won't be nerfed until after SB launch. It's my understanding that ARR relics didn't have their light phase nerfed until after HW came out.