Well I'm not quite sure how this would work since equipment has different stat structure here. Damage ranges are different, resist numbers are different, overall stats are different for abilitues. Could you imagine having an item that gives +20 stamina on a newbie character? What about other stats that no longer exist in game, such as charisma? Id love to have a nice 36 percent haste item in game! Where is my War Marshall's Bladed Staff? Current EQ2 level restriction is 50, EQ1 is 70. Just don't see how this could happen unless they adjusted stats on the item when handed down, and then people would complain about that.
Hell, I'd be happy to just leave my bank account to my current toon. What do you think 300,000 plus plat would do to the server economy?