What jumps at me is you save about 1.5khp over a thousand hits with the shield past the cap, which is sub 4%? Seems like you'd have better mitigation with quicker kills using a 2hand/DW.
Only real reason I see using a shield is maybe for raid encounters where a max hit round could 1shot the MT. It would lower the chances of getting such a round but I'm a non raider, wouldn't surprise me if MTs didn't bother at this point.
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