Cloaks and Rings, followed by Hats/Helms, are definitely the most subjective of any of these - i.e. the most sensitive to which a Class you are.
In terms of Cloaks, I don't believe I've
ever seen the Mithril-Woven Cloak, even after
multiple play-throughs. I think the highest non-magical Cloak I ever saw was the so-called Heavy Cloak (Armor: 2(?)), which IIRC is actually considered Heavy Armor!
For Cloaks, I usually wanted the Cloak of the Shadow (which I'd usually imbue for +3 Armor) for my Rogue, Ranger and possibly Fighter character, while I definitely wanted the Priest's Cloak (again, later imbued +3) for my Healer, and even my Mage character.
Rings are even more all over the map. If you break it down by Class, you probably want:
Ring(s) of the Assassin - Fighters & Rangers (possibly Rogues too) for the ToHit bonus
Ring(s) of the Fire Master - Mages for extra Elemental Magic levels
Ring(s) of the Magi - Mages & Healers who want extra MPs
Ring(s) of the Harbinger -
anyone who wants/needs extra HPs
Ring of the Shadow - Rogues (and anyone else) who wants high Hide in Shadows
Ring of the Hawk - anyone (mostly Rogues?) who want to be able to Spot Hidden (e.g. traps)
Which of these is the "ultimate"? Maybe none of them? Or maybe they all are!
