I personally am fine with the repair system, as it works for me.
At lower modifiers (X1) I equip a 14K build, and at X2 and higher I put on my 35K outfit and I still make money either way. If I do not care about making money, I can usually break even and even make a small tidy sum from the 35K outfit in the long run.
I like that the maority of people are running around in medium armor, as that pleases me.
Also, to be fair, if Goretooth can use that black outfit of his, then I am content that the higher builds are viable.