Did this transition, and honestly it went much smoother than I thought it would. But that could be because I am keeping my SK tank gold via krono.
Team is SK, CLR, BRD, BER, BER, BST. All level 120 with max AA. When each sub ran out I just swapped them to ToL T1 gear. It is all non-prestige and there is something for every slot. Got the zerkers some TBL type 5's and everyone rebought their type 3's (which I was surprised to find are not prestige), but no type 7's or weapon augs to speak of. DPS is down some (from maybe 2M to 1.6-1.7M) but not that bad, and they can still mow through ToL content without missing a beat. I now wonder why I was paying for subs in the first place.
I started an alternate FTP team from scratch after the ban scares. This one is SK, ENC, CLR, MAG, MAG, BST. All are now 120 and working on AAs using a 30-day krono grant (I broke down and bought expacs). The SK will likely remain gold, with everyone else just going back to silver. This team is surprisingly good, and every bit as survivable as my mains. I am thinking the chanter is providing better CC.
So, come on in. The water is fine. Chasing max AC / DPS used to matter to me. Now I realize it isn't required, and can do almost everything as FTP, but free. Thank you DPG for the push. But still miffed that they made the ToV earring prestige. Quest stuff like that should not be.