I see the totems as being more as a group thing. The whole in your drop pool = your item makes totems near pointless but any form of organized distribution and you can get someone a weapon fairly quickly.

I will use our Ifrit for instance. Did 6 runs the other day got 5 totems. So distributed them to 1 person, in 6 runs they are 1/2 the way to getting the bow that would not drop to him before. So at that rate... will be 1 weapon in about 6-7hrs of ifrit killing (if that drop rate holds...). Moogle weapons I think they need to lower it to 10 totems as well... especially since it cannot be spammed like ifrit can. 1 of the best weapons in the game every 6hrs is honestly a very good drop rate.