This is my main char's build (ArchonAlarion)
Level 30 (4 420 577 xp)
Strength: 18
Agility: 18
Hit points: 53
Skills to attributes: 2
Ironflesh: 0
Power Strike: 6
Shield: 5
Athletics: 6
Riding: 6
Horse Archery: 0
Power Draw: 0
Power Throw: 0
Weapon Master: 6
One Handed: 100
Two Handed: 1
Polearm: 133
Archery: 1
Crossbow: 1
Throwing: 1
I usually use pretty light gear or at most medium armor (Black lamellar-sarranid guard), so the wpf drop isn't very noticeable. I think 5 shield is more worth it than 1 ironflesh, even if you only use the extra shield point for the increase in shield stats, rather than higher diff. shields.
With this build you will experience a lot of frustration because it isn't great for duels and much of the time your skills are going unused. That being said, you can play a lot of styles with it, so it's hard to get bored. It feels more like an SP char due to it's versatility, which is nice.
For weapons, I'd recommend awlpikes, b-forks, glaives, hafted blades, longspears, lances, flanged maces, scimitars and anything else that is pretty fast.