PoFear revamp in 2001 was the last time Draco has been modified as far as I'm aware:
http://eq.magelo.com/npc/98297/a-dracoliche
Grotesque Girdle - 28% - (31/107)
Fearsome Shield - 28% - (30/107)
Zombie Flesh Bracer - 27% - (28/107)
Berserker's Ring - 19% - (21/107)
Crimson Robe of the Alendine - 16% - (18/107)
Bone Clasped Girdle - 4% - (5/107)
Spined Dragon Claws - 3% - (4/107)
Monsoon, Sword - 2% - (3/107)
Widdershin - 1% - (2/107)
Staff of Undead Legions - 1% -(2/107)
Shawl of Protection - <1% - (1/107)
So on live those crappy old Draco items kept dropping, yes. But based on the Allakhazam posts there's 1 guy talking about getting a Bone Razor from a fear raid and what to sell it for, and 1 guy asking price on Widdershins. I don't think either state outright it dropped from Draco, though they're posting on the Draco page.
Every other post talks about girdle, ring, shield, bracers, or robe rotting. 1 mention of shawl dropping. No mentions of undead staff, monsoon, class, or BCG (though Girdle may be either girdle).