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Originally Posted by Noselacri
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Well, that's still mitigation. Both are. Doesn't stop being mitigation just because it works a bit differently from how most games do it.
Warriors have significantly more favorable diminishing returns from AC exceeding the soft cap. I believe they gain about 45% of the benefit while knights get 37% or something. That'll start to matter in Kunark and Velious, not so much now because the soft cap is 300 worn AC.
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Technically it isn't mitigation because there is still a small chance you can be hit for a certain amount of damage. But that's nitpicking.
Everyone get's the same returns from AC in Classic. Softcaps didn't come around until Luclin.
I'm 99.9% sure that's how dex effects procs. But I don't really care to dig through 1000 pages of decade old Steel Warrior threads to find something to cite from a dev.