Wrathofkublakhan at Coffee Cakes and Crits has an interesting way of looking at gear in Shadowlands:
Visiting the Wow Community Forums, I see all-in-caps complaining about the low loot drops in dungeons and raids. I think that they are looking at it wrong. The right way, it seems to me, is to look at your own ilevel. Mine is about 200 with a 9/10 clear so far of the current raid. That is about perfect.
I have gear pieces above and below 200 and a chest piece and/or weapon drop at 200 would be welcome. This is good. The game is working. I remember in BfA out-gearing the raid before we even started. The same in Legion, there would be times when we’d start a raid and all eyes were on the final bosses for chances of an upgrade.
I think this is a good way of looking at gear. I'm i205, and we're 4/10 Heroic Nathria. That's just about perfect. Loot is scarce, but every item that drops in new and challenging content is an upgrade. Most likely an upgrade for me, but guaranteed for someone in the raid. I have some high pieces (Legendary and rings, for some reason) and some pieces that could still use a Normal Nathria upgrade (bracers, as is tradition ever since Cho'gall).
I really like how loot is handled in Shadowlands. Loot is scare and thus valuable. I know there's a lot of complaints on places like Reddit, but I strongly hope that Blizzard holds the line.
About the only thing that might need a look is collecting raid sets for transmog. And even that might be fine after a couple more months.