De-Buff on "Chaos Cloak & Chaos Clow" (Wizard Set)
Hello, my name is Lexdray, and I am here to talk about how to Chaos Cloak set is a bit unbalanced, and here is why.
I usually play as a bomber (Mad Bomber) so I use bombs, yet there are people with this set, who are as fast as me, not even having a bomb set, same thing with guns, and swords. I feel there needs to be some sort of balance between the time reductions of this set. Why bother getting a gunner set, that makes you use your special attack faster, when you can just get this set?
Thank you for reading
-Lexdray

It's also worth noting that Nick did say that mad bomber would be receiving a buff of some sort after the changes occurred. But Nick has left and there have been far less updates than ever before.
As for the balance of chaos, I would have to say that I like the concept and that it's only really broken because of how much resistance it has. Using chaos and another armor like volcanic demo helm grants you +2 fire resistance and +4 bomb CTR with +2 damage/ctr all around. You have gone from taking fatal fire damage every time you even think about fire to taking moderate but not fatal damage that can be further boosted using unique variants to the point of being outright resistant to fire. With +8 fire from variants, you'd have 8+4-2 = 10 fire resistance, which would be enough to run C42 without having to worry about fire whisps. Chaos also has the same health and only slightly less armor values than say, a vog set. The fact that you can overcome these things is broken; chaos as a set without overcoming anything functions as intended on levels that have statuses present.

Chaos set also makes getting any of the 36 new lines of gunner gear seem kind of pointless
Yes, this has been discussed in countless threads. The buffed Chaos has made Mad Bomber obsolete. This is one of many armor imbalances in the game.