I am level 37 and have run ROV, RE, FG, nek castle stormhold and wailing caves so far. RE loot has been the worst I have seen ( run 3 times ) of all of them, other than that there are level 40 things dropping in lower level dungeons ( ROV which is 26-35 ). Most of the loot is without any special stats at all, just +whatever your main stats are.
I have heard things on forums saying level 50 loot has issues, i have heard it sucks and is very "uninspired" but what sounds worse is supposedly the raids are super easy and a laugher. I have not run eq2 in such a long time its good for the memories and nastalgia however I don't think i will stick long, i almost think they released these servers earlier than planned to get ahead of WoW classic.
I mean eq2 couldn't compete with WoW and took on some shitty design decisions over the years and to expect whats left @ Daybreak to really do this right is a joke,.
The funny thing is so many people in game are still potting and running dungeons over and over to get to 50 as fast as possible even given what people are saying about end game.