Alright, so skelly armor is another one of those tier-2 armors along with jelly, wolver, and other various sets. The one thing that skelly downsides in is a negative defense towards fire, but is greatly rewarding with its shadow, ice, and poison defense.
What are your thought on the armor and do you think that the armor is still worth it even with its fire downside?
Most every armor with multiple defense/resistance has a downside. It all depends on what you plan to do with the armor (read: don't go into the Citadel with the Skelly line).