I dont think Iam even nearly able to get what you want to tell us, simply because my brain has an off switch when its about to get damaged by bullshit.
This game is SKILL based.Meaning this, one Peasant with a wooden stick could theoretically defeat a neverending number of Enemies with all the gear they want if he is good enough.
So yes, it IS balanced, because Skill matters more than gear.If you could crushthrough blocks of certain cheap weapons with more expensive ones, the balance would be broken and it would be all about "I haz more Gold and bigger Weapon than you"