He took two items from me that I did not care about. The stuff he ate was nothing special imho. Loot is all over and items are always for sale. His relief and dialogue when you feed him is better than some random stat boost from a sword that you will soon replace. I never missed them personally.
But…I do get why folks do not like the mechanic. Loot is a motivator for dungeon crawling in these games. I understand why it frustrates folks. But two items by level 4 is not super egregious imho.
It would be better if you had to find specific objects just for that purpose maybe? Like…shards of netherese magic or something only useful to him. Idk…not sure what fix is that would make that part better for folks.