Not saying my way is the only way, only that I like it. And it isnt that there isnt a lot of loot its that a lot of it is pretty useless junk, +1 loremaster amulets and +1 telekinesis rings, meh how that improves your throw-weight is negligible, those are not force multipliers.
I am on playthrough #7, 8 if you include my first aborted attempt where I had 4 characters and they all sucked simultaneously and came out far weaker at 8th level than the 3 toon party I have been using since. I like a team as well thats why I dont do 2 Lonewolves.