I went 2str 1dex 1vit - lvl 44 with 22dex ring, dex on armour/weaps - my dex values are almost as high as my strength is ... I still hit miss on mobs higher level than me. When I do hit, it's also very low damage (using dagger tho - since I cannot afford to forge the friggin sword as it keeps failing on me at 113k crones per try - let alone go for the unique/ancient).
Maybe when I'm 80 I can finally afford to forge the lvl 50 one.
No wonder ppl just go with whatever the insignia's throw at you - it's cheap and it'll do the job. Too bad you can't downlevel it though - costs too much.
Gonna be a slow 6 lvls to 50..