I do pretty much make my cloth kit myself, and wasn't really counting that in the estimation of nice gear costs, except that I'd want to buy tablet weave and possibly have someone with a bit more skill than me to some fancy embroidering work. Armourclass are pretty good, but if I was going for an ideal situation I find them just a touch too heavy, though not as bad as the sword I have at the moment, which is some fucking weighty czech beast I swapped with a dude for my old single-edged Norwegian basically because he offered me the scabbard included and it had a nice handgrip, a decision I'm still not sure on. As for making the chainmail, I'm not entirely sure. Because of the way the Vikings UK treat chainmail in our fighting rules (ignore all leg hits except dane axe and missile weapons) the authenticity thegns tend to be absolute bastards about it: it has to be flat link, riveted, steel. I'm not sure the effort is really worth the saving; I know people who have got great coats of mail foir about £500. I also was factoring in gneral silver bling and the cloak. I would ideally either want one made from coyote skin (with paws) or a proper icelandic style cloak, made by knotting strands of fleece into the weave of the wool duing the manufacturing stage. Again, possibly something you could do yourself, maybe even something you'd almost have to do yourself, but the skills and time are far beyond me. Similiarly with naalbinding, and I would certainly want proper naalbinded socks.
But, as you guessed, this isn't really the equipment I'd want: it's pure bling dickwagging gear. Having three swords would mean about the only character you could portray would be a king. The character I actually portray at the moment is fairly poor, a freeman charcoal burner from Visby (ideally, sometimes it has to get changed). I wear plain wool overclothes and a linen underkirtle, a pair of patched shoes and a simple wooden thors hammer. I don't use my sword on the battlefield at all, just a short spear, shield and axe, with a saex in my belt for back-up. I also sometimes carry my groups banner into battle, in which case I'll just defend it with my axe. I eventually want to get a second set of gear so I can portray another character for the Drengar kit check, either someone of slightly higher social status, of an earlier period (my current guy is 10th century) or perhaps a Rus. I already have the basic legbindings and cross they make you put on top of 10th century viking gear when you're being a Saxon, but yeah, I've always personally found it a bit ludicrous the amount of high status gear that gets worn. I enjoy the living history side, and it's more fun to be a hard-grafting working class viking dude who is caught up in circumstances than some insanely rich trader or princeling.`
The only things I really crave at the moment are a custom-fitted helmet (my current one is a second hand job that I picked up for a song, but it has never fitted me properly and I can't wear a lining underneath it, which is dangerous as well as uncomfortable) and maybe a lighter axe, though I may just rehaft my current one or reprofile the haft to try and shave some weight off it and give it a nice triangular shape that won't twist around in my grip (it's currently top-mounted on part of an old sledgehammer handle). Dane axe is something I'm considering for the future but that's an advanced display weapon in my society, so it's soimething I'll have to work towards. The only thing from the above I really crave is one of those Icelandic cloaks. They are so awesome.