Without a looting/lotting system what ever you want to call it, endgame will be a very bad experience. there has to be some way for a linkshell/company to control who gets what.

This random system will lead to theft of rare items in the end. Such as you are a newbie at an event who just joined the linkshell and the game randomed uber leet piece to you... or you are a mage and the top tanking shield just dropped to you.

Some form of lotting control is required, there can be nothing but problems at endgame without one.