I looted all the houses in Aleroth for equipment as best I could before opening the catacombs, so was able to get the second teleporter stone relatively quickly. A new training sword was the best weapon I found (in Lanilor's house, before triggering the second cut scene with him), though George has a bow in his shop that can come in handy, at least early in the game.
[color:"orange"]is there a limit to the lvl of mods or mods available on that ring, meaning waiting at all or waiting past a certain level will not make the ring better.[/color]
That's right. I'm not sure how much a low level effects the random stats (never experimented with getting the same thing at different levels), but after getting to a certain level, further increases are not going to help any. This is what I got for that ring, after completing the catacombs, clearing the area around Aleroth, and exploring some of Rivertown;
Ruby Ring - from the house north of the cursed Abby
Durability 10
Charm Quality 4
4 Strength
60 Vitality
40 Magic
