I don't really play monk. I play a warrior.
From vast experience mindlessly slaughtering mobs I can tell you a warrior is better off with fungi tunic than a breastplate of eradication. That's comparing 15 regen for a heap of AC and stats.
Even if you're only ending up with a net difference of 79 hp per fight like you had said, that's a free 79 hp every fight for hours on end if need be.
It's even more significant if you can lower the damage you're taking, through AC mitigation or slowing a mob or popping evasive disc, etc. Regen matters a lot. Especially if you're solo and that's your primary source of healing.
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