IIRC they got the AC formula pretty close but they had to guesstimate attack values, especially from velious raid bosses.
And yeah monks are OP because the late itemization is bonkers. Haven't parsed it but at a glance the monk I'm leveling seem to take more max hits than my ranger did at ~200ac worn so that part is working as intended. Don't forget monk get to split, they have mend and 200+BW on top of cheap access to a nearly 1 ratio 2handers which damage cap gets lifted at level 20. There's a lot of reasons why they're crazy outside of AC.
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