Rather than the straight balance issue of damage, I would say the primary issue with PK is the mentality of the people doing the pk. Here's what I mean.
Last night, I was grouped with someone who said "Your clan let WILDS in last wipe! I had to pk all your clan because you let 2 wilds in!"
No, you didn't have to pk the entire clan. You chose to, because you have a bapted view of this game. It is a GAME. People come here to enjoy playing it. If you permanently hunt a *player*, no matter what level his character, what his behavior, or who he associates with in game... you are an objectively awful person. No real argument there. If you want to pk, pk with at least the tiniest bit of class. Let people re-equip. Let people have fun. This isn't a bapting war, people, it's a goddamned game.
Lottie, Tim, a few others... I'm talking to you, here. You make this a worse place to enjoy my free time.
Jason