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So, with this latest event, I found enough of the drops in order to gain a select piece of armor. Got the top piece for the Azure Flame Pursuer considering it just looks so amazing.

But, after equipping it and fighting a Phantom Boss, I realize my attacks are all doing less damage.

I can't read in Japanese, so not sure if that's part of the armor effect or anything, so if anyone could clarify what it does, it'd be appreciated.

I don't have the armor piece so I can't see the effects it has, but if it has any detrimental effects it would be listed in red letters.

Also if you were using event equipment (usually the 1200 POW items) they go back to being 300 POW weapons by the end of the event.