They’re all % modifiers, so although I know your point, I know what you’re trying to say, you got the same consistent reduction that I found myself here: 8% less damage overall.
It is a compromise? Yes. Was it better the way it always was? Yes.
Still I think this is a price that maybe be worth to be paid, for a class that can give you 18% Evasion, 25% HP, Aggression, and “panic” Shield-Buffs-Defense-Mode.
Finally then: I’m not picking it, mainly because I have other focus now, and this build I’m following (Sword1>High3>Cors1>Fenc3) really fits my play style.
That doesn’t mean I’ll fight against everyone who wants Pelt, they know about the tradeoffs and think that they’re more beneficial for them.