Server has been established for a week now, so I wanted to give some quick feedback.
I think the server experience rate is fine.
I think the gear power is fine.
I think the events, currency, dumps are all fine.
I think the gear needs to have some more customization to it, and it seems like you tried to do it but didn't finish. What I mean by this is how there are some different items within the same grade. Not many, but there are some. I think it's a cool idea to have same Grade items drop from bosses/events very very rarely, and could mix up playstyles.
In terms of customization with recipes, I like it but I can't tell you if it's in good balance right now because I don't craft and haven't seen much in the later stages of crafting.
Overall, I think the server launch was a success and that I hope development keeps up because it would be a shame to have this server die.
EDIT: I think there should be a cap on dungeons, but not as little as it was last era. Maybe around 7 a day? It's just amazing experience and loot compared to outside hunting. Most people exp in dungeons and then do tasks to get higher in the chain/gear. Then back to dungeons until they find quests.