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I still haven't found any equipment, but plenty of megalixirs and the like. And man, for anybody who hasn't unlocked chocobos yet, do so - they're not as fast as the car, but they're plenty fast and make treasure hunting much, much more pleasant.
edit: Chapter 3, after unlocking gate to new area.
My bird is level 5, they run very quick at that point, especially with all the sprints available. Plus, when you have +AP from long chocobo rides, it helps. Those +AP abilities are also cumulative. You dont have to go on a long ride for them to activate. I think they have a set/semi-random interval. When you get off the timer pauses, but doesn't reset. Often I'll get on the bird or in the car, and start moving and 2 seconds later get +1 AP from it.