This is accurate it does get the 33% weight reduction in Velious era and the topic has been discussed numerous times on the forums.
Proof:
www.project1999.com/forums/showthread.php?t=166
So in a few months when the staff implement changes for ~May Velious patch we should see this change. Just give it time.
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ps. This isn't a "Technical Discussion-
Discussion for issues crashing or freezing issues, UI modifications, etc.".