For raids with that need resists, all you need is Resists and HP. For pulling, you want CHA and some AC. For grouping when you are wielding epic or the CC, you need dex.
When you're talking about melee stats, you're technically right: without double attack and on lower damage table, the relative bonus of 1str is lower in terms of total damage output. But arguably, same as with enchanters or clerics, if your group relies on a bard, the most important thing for your group is to keep him alive. He is your resists, he is your cc, he is your haste buff, he is your tash, etc. And resist gear, ac and hp gear, makes keeping him alive easier.
Being said....Bards can do some crazy stuff solo which you can't do naked with a drum.
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