I'd argue that they should add more variety with armor designs and color variants without too much stat boosting before we reach Act 2.
With BG3, the characters are low level, hanging out in the middle of nowhere after a crash, and they can already get their hands on dozens of magic items, including multiple instances of many weapon types. It's almost too much already if you ask me.
You said it perfectly.
Warped Headband of Intellect is the perfect example of being too much for early access.