Well, not really. I can craft Lordly Light Kuyak for 132 each (it cost 270 on the market) and that's a price of Lamellar Vest, same goes for MW Elite Scimitar 126g for producing it, while the vanilla version costs 324, and for 124g you can buy Sword or Soldier's Cleaver. They are expansive, it will take a while untill someone will be able to equip his troops in loomed items.
I know that there are a lot of peapole that can craft non-loomed items for half price, I guess this is how we're all going to get equipment, buying it with all whose econimcs changes is just to expensive.