Retiring is a bit of a newbie trap anyway imo. A newbie for the first 6 months or so is much better off saying "screw looms" and playing level 30+ so he at least has some chance to learn the game in a semi fair capacity. Getting 1 or 2 loom points in exchange for being underlevelled for half your play time is only worth it for players that already played the game a lot, guys that know how to play and are semi good at the game or guys that already have some looms to use as they level. It also limits your options in terms of gear, and as a new player thats a really good way to burn yourself out. You should only really retire as a new player because you want to try a new build or because you are broke
The point where looms become worth having is when you only use your masterwork weapon (and suck a large chunk of fun out of the game by limiting yourself) and when you stack the two armour looms together for +10 armour. Adding several looms together to get +10 body armour, +3 damage, + turn speed etc on a horse is where they get OP imo. I wouldn't even mind it if we could only use one loom at a time.
Buffing +0 will at least allow new players to enjoy the game with a high level character more, rather than getting sucked onto a levelling/gear treadmil thats not even in their interest to take part in yet. I wouldn't be opposed to making levelling faster though too, so you get to 30 quicker but retire after the same sort of length of time (30-31 takes longer)