Yea we had shamans wearing Fungi through PoP (given they were unlucky and didn't win Lunar Fungus Tunic from VT).
Until you were able to cap regeneration through a variety of other items, it kept its value. Even with Torpor and Quiessence.
No stat is really more valuable than HP regen for a shaman unless, as Byrjun states, you need resist. Even then, with a classic 255 resist cap you can pretty easily hit or get close by swapping out other gear (especially with a bard). I'd tend to argue Fungi's 15 regen beats out Vindi BP's 2 + 100 HP/15STA/15Resists. Unless you're in a fight where you need the resists or when your maximum HP absolutely must be up there because the mob you're fighting hits so hard.
In a general raid with trash or a grind group or soloing against mobs that don't summon or do but don't hit like a truck, Fungi will outperform and allow you to cast and do more than Vindi BP will.
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