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Yeah, that's right. "Equivalences" are just inverted "weights." For equivalencies, you're just saying "I would be equally happy getting 1 CR or 1.43 HR." For weights, you're saying "HR is 0.7 times as good as [1.0] CR."
I really like the "weight" system myself, because it allows for quick input into lootzor, and it also conforms to the AEP paradigm. You can think of those weights as AEP for us (since Agi is 1.0 as well) or CritEP if you prefer. (Technically, AGI is 0.97 = 22.1*1.1/25, but I think 1.0 is close enough for simplicity's sake.) I believe pawn uses the same approach, to give each item a "value" in the tooltip.
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