Okay, so i just made a new character and i am not sure what to do.
Originally, i was planning on just going with the full cobalt set, because you get the recipes free from missions.
Then i started thinking about wolver, and realized that cobalt armor is pointless considering wolver line is almost the same, except a little less normal damage but piercing defense, freeze defense and sword dmg bonus.
Then i realized: Owlite shield > Defender in almost every way.
And, i realized much weapons are superior to the calibur line, though Leviathan is definitely viable.
But, i realized that i'd have to grind for money much, MUCH more than if i went straight cobalt.
So what should i do?
-going wolver is much superior than colbalt, you can just sell your colbalt to get some money boost, that way the recipe shouldn't hard to come by, the extra normal damage on the colbalt means absolutely nothing in T3 and even T2. The sword damage bonus is much more desireble if you are going sword heavy.
-leviathan blade is still a good sword, but definately consider getting some other swords as well, night blade and flourish are two other essential gears for a swordsman, compliment those with the leviathan blade would make you a force to be rekoned with.
-defender is not as good as owlite, but still it is better for piercing enemies than owlite, so before you get another piercing shield, you should keep the defender for slime and beast.