[maka]

regs=3100
armor=4000
scrools=3500
pots=2000

total=12600

I do think that your numbers are VERY worst case scenario.

My gank suit (without armor) is normally what I posted below. The prices has been taken from the trade forum.
8 XUO (x 100GP)
4 NOS (x 100GP)
14 LIGHTS (x 50-80GP - Didn't find any in the trade forums)
10 manas (x 100GP)
3 Gheals (x 75GP)
(I never use Gheal or reflect scrolls in gank)

That is a total of 3335GP for your scroll bag.

Now, buying reg bags should (according to me) only be used for "fast resuit" situations. My reg bag from the vendor would cost around 4 x 50 x 8 = 1600GP.

Now, that is a total of ~ 5K for a regular gank suit. Now, adding armor to that, which you can buy from the vendor for around 1k, is not that much. It's only 1/5th increment and lands you at a total of 6k.

My idea is that a iron(~28) armor will make it so that EB would only be used in gank in low mana situations, with higher armor, light would be preferred in the same situation situation. If you buy your armor from a smith, you can prolly get old-verite for the same price and you have higher armor right away.

I understand SombraXs point though, UO IS a lot about looks