I am fine with that. IF : resources needed for making those weapons are in similar equivalent to BS, speed of making them is greatly increased and time of training adv unit is decreased. THAT IS NOT THE CASE. That are reasons why economy will go belly up if those changes are implemented as is. It takes over 1 hr to make 5 damasc sw (lev 5 smith) which means you are able to train 6 Elite soldiers per 12hrs (you don't have weapons from loot anymore). What if an adventure will call to lose 100 of them? How often will you do it?
The math on Steel and Iron swords is a bit better but... now you will have to train Militia like you train Recruits now in thousands. Can your island support this? Changes to combat system are only the tip of the iceberg. Not sure if all of my iron depos will sustain 4 Iron smiths running non-stop. Forget the titanium ore needed for Damasc sw and xbows... People on test can see it with ease. Are the devs freaking blind?