If I were premading another level 24 guild, perhaps.
With every character, there is a time and place for everything. As I said, I have everything and have multiple quick swap gear sets depending on the situation. For instance, on my spriest, I can go from 1600hp in a super INT set or I can pick up the flag and go to 2400hp with my FC set (which I still need a couple items still). On both the lock and priest, I have multiple items with different enchants to fit into the mix too... like each of them have 2 BoA Chests, one with +4 stats and the other with +100hp. 5.4 is going to only complicate the sets.

hehe
Oh and I don't think I can recall a time, even with the current gear set (+boa ring) since that's what I normally wear, that I have missed a fear because of hit cap.
I don't remember the last time I played my 24 lock anyhow.
PS. Please don't take my defense of my gear choices as me trying to "think" I am "BiS". While I have the gear in my bags to make it happen, I don't. What I wear is what I found most effective for my play style.