The most current version of my item level calculator is available at
http://wow.virakar.com/stats/itemlevel.html. Please feel free to distribute the link.
The calculator has been updated to refresh the item level each time one of the stat fields is changed. Also, the socket calculation has been changed to value each socket as 10 of a blank stat, stacked, so that 3 sockets are worth 30 of a single dummy stat/rating. Meta gems are valued at double this. This is of course a rough estimate, as no one from Blizzard has ever given any good hints as to how sockets fit into the item value formula. It seems like this method should be highest reasonable value of sockets (including a stacked value and assuming epic gems available for +10 stats per socket.)
To wit, I examined Vashj loot after noticing that I was getting a lot of low values looking through SSC stuff:
Runetotem's Mantle
Given ilvl 138, calculated ilvl 131.6
Coral Band of the Revived
Given ilvl 138, calculated ilvl 138.5
Kraken-heart Breastplate
Given ilvl 138, calculated ilvl 137.4
Serpent Spine Longbow
Given ilvl 138, calculated ilvl 135.6
Ring of Endless Coils
Given ilvl 138, calculated ilvl 124.2
Most things come up very close to their intended item level, with one glaring outlier. Now let's look at the socketed loot:
Belt of One-Hundred Deaths [S]
Given ilvl 138, calculated ilvl 129.0
Cobra-Lash Boots [S]
Given ilvl 138, calculated ilvl 128.7
Glorious Gauntlets of Crestfall [S]
Given ilvl 138, calculated ilvl 128.3
Ring of Endless Coils [S]
Given ilvl 138, calculated ilvl 124.2
Vestments of the Sea-Witch [S]
Given ilvl 138, calculated ilvl 135.0
These results would lead me to conclude that sockets are being somehow valued much higher than my assumptions, except for the last piece of loot being reasonably close to the intended item level, when the previous 4 aren't even close.
Let's look at some more SSC loots:
Ancestral Ring of Conquest
Given ilvl 128, calculated ilvl 122.7
Blackfathom Warbands [S]
Given ilvl 128, calculated ilvl 117.0
Bloodsea Brigand's Vest [S]
Given lvl 128, calculated ilvl 122.2
Boots of Courage Unending
Given ilvl 128, calculated ilvl 115.9
Boots of Effortless Striking
Given ilvl 128, calculated ilvl 116.9
Boots of the Shifting Nightmare
Given ilvl 128, calculated ilvl 119.1
Brighthelm of Justice
Given ilvl 128, calculated ilvl 123.5
Choker of Animalistic Fury
Given ilvl 128, calculated ilvl 120.1
Fathomstone
Given ilvl 128, calculated ilvl 120.2
Frayed Tether of the Drowned
Given ilvl 128, calculated ilvl 120.9
Girdle of the Invulnerable [S]
Given ilvl 128, calculated ilvl 114.6
Girdle of the Tidal Call
Given ilvl 128, calculated ilvl 117.4
Glowing Breastplate of Truth
Given ilvl 128, calculated ilvl 121.8
Gnarled Chestpiece of the Ancients
Given ilvl 128, calculated ilvl 123.4
Grove-Bands of Remulos
Given ilvl 128, calculated ilvl 123.4
Illidari Shoulderpads [S]
Given ilvl 128, calculated ilvl 115.7
Luminescent Rod of the Naaru
Given ilvl 128, calculated ilvl 121.1
Mallet of the Tides
Given ilvl 128, calculated ilvl 112.1
Orca-Hide Boots [S]
Given ilvl 128, calculated ilvl 113.4
Pauldrons of the Argent Sentinel
Given ilvl 128, calculated ilvl 107.6
I could go on but I'm getting tired. Does anyone see any patterns to this mess? Have they changed the entire item level formula? Some things (including the non-socketed Vashj loot and a bunch of the Black Temple loot) indicate no, but these results indicate that many things are still either screwy or not well-understood by the playerbase.
I'm really not sure what else to say since I don't know where to go from here, to be honest.
Thoughts?