The best part is when you actually get your alt a MW weapon and then the weapon suddenly gets nerfed without warning. Currently, your alt is just flat out fucked. Let's all laugh at anybody unfortunate enough to have put the effort into MWing a longbow during this last patch. Same with steel bolts back when it was useful to loom them more than once
We are talking about xp conversion from alt to main, not item/gold redistribution. As far as i agree that after some major changes of weapons/horses the loomed ones should be de-loomed and the points given to redistribute. But i doubt that will ever happen. We all had to made decisions before retiring, and some of you regret them. I dont. I sold all looms, i have none at the moment and i am still competitive. Ofcourse i get owned by some good players with fully loomed gear, but i do not see the looms being the reason. The reason is i suck.
People, do not depend on looms that much, try to have fun playing this game, if you want to try alt, do it, do not regret "lost time". As long as it entertains you, its fine.
edit: to be honest, if you managed to retire your alt three times, you are grinder enough just to make it again