Here's my opinion, take it for what it's worth.
In my experience in the game, the silver armor I got was far superior to the dragon armor. It had better stats all the way around. Higher armor rating, 5 charm slots "sockets", agility bonus, str bonus, etc. I have to admit, I spent an aweful long time reloading trying to get really good Armor of Larian with it. I guess my odds of getting such good armor (silver) on the first try was exceptionally good. Big disappointment trying for good Larian armor.
The dragon set is nice, but you don't get any kind of full set bonus, that I seen anyway. Each peice has "sockets" that are randomly generated, so you could possibly end up with 25 sockets. BUT...any of the other items you find have the same chance.
Overall, I would have to say it's all going to come down to personal preference. If you took the time to collect or find all of the dragon set, by all means use it. If your content with using other items, that's fine too.
As far as charms go and using them....you will find better quality charms in the wastelands. I completed the game the first time with only charms in my boots, belt, amulet, gloves and one ring. I would have to count them up, but I believe I ended up with around 12-15 "sockets" not used. By that time, my warrior was strong enough he didn't need alot of help from charms anyway.
Again, just my opinion <img src="/ubbthreads/images/graemlins/devil.gif" alt="" />
