Please consider making the Over Equiping changes only effect Player Characters who are under Title level 5 (level 150).
Couple of reasons for this.
1) Some of the items in the game have such insane requirments that you would have to over equip, even as a level 200 enforcer, to use. Example Edge of Tarqus(sp) 1200+ 2 handed edge needed. A lvl 200 enforcer can only get around 930 2he. You would have to be wrangled constantly to use it. No trader is going to do that for you and lose out on the damage from their shotgun.
2) Engineers, Meta-Phys, and buerocrats. Once these classes are hit with deprive/ransack skills, even at top levels they will lose their pet, and have nearly zero chance of winning the battle. I realise you want to stop them from using uber OE'd pets below level 150, but do you really want their main form off attack completely disabled post 150, when they can actually get the pets legitimately?
3) People who are level 150 and over have put ALOT of time and effort into their character. Pretty much everyone over this level has both the means and the ability to over equip equally.
4) You will piss off alot fewer of the players who have been with you all this time.