The hero you deserve
So what are you proposing instead? That 5e needs a wholesale revamp of its magic item system to look like 3E? I don't know if Xavier, Yolanda, and Zoe are going to be down with that.It's a common practice to use generic names that start with A B C D E etc. Alice & bob are the names I've been using the whole discussion. People love to point at 5e's oversimplifications as being designed to help get newer less experienced people like alice & bob into playing faster & easier with less things to worry about. That argument works against 5e when it's a case of rules that would have helped protect them from mistakes & recover from them if they were made.
5e's magic item economy flatly does not work because they are all too powerful & there are no longer any subjective dials that can be used.