I can see your point. However, the original megingjard effect is simply not healthy for the server at its current state. If you thought about it and if you cared about the server as a whole you would understand. Megingjard is still the best in slot accessory for STR builds, the difference is just not as huge anymore (see pictures). The Sleipnir boost was necessary to ensure the same thing holds true for Sleipnir. Mjolnir and Brysingamen are a different story entirely, as they have long been neglected. Nevertheless, I have come to the conclusion that a slighter nerf for Megingjard is more appropriate. The new effect will be: Every 10 Base levels STR +1 (i.e., 40 + 25 STR, instead of 40 + 50 STR). This will be implemented as soon as possible.
Note: This is with minimal equipment. The more damage you do, the higher the difference between the two items.