I have a lvl 57 warrior and i can wield a tota 7 and lycoan 6 at lvl 58.
I know that alot of people wouldnt like this but, the circumstances are favourable.
I have a dread shield mage and an INT priest so i have the lycoan for these 2 chars and i would be saving money by using it.
The opportunity cost to this would be HP build, im not concerned with DLW just making it through FT.
Obviusly something like 400 hp would be lost maybe more, and its not as good as it used ot e because base int is a 50 and the MP absorb is less.
The MP absorb isnt really that good for FT but it helps in EXP /PK alot however the +17 STR makes up alot for the INT used, and the 45 resists especially FR are a good supplement for the HP, aswell as the HP bonus (6).
Besides all this i already have the item so its saving money and creates a point of difference for my character.
edit : for this build i cant wield tota, i canuse:
a) str for pike+8 int for lobo rest hp
B) str for dread shield int for lycoan rest HP
possiblities of mixing defense and atack skills (45, 50 or 50,45)