It isn't so clear-cut as all that. Look at the ancient red dragon: +17 to hit for 35 damage on the bite and 17 on the claws. Let's say your fighter would have AC 23 normally, which is assuming quite a lot of AC boosting (base AC for plate armor is 18). Then the dragon hits on 6 or better, for an average DPR (excluding legendary actions and breath weapon) of 51.75.I'm really not sure that 5E is an appropriate system for this. The problem is that while the d20 roll is bounded, HP (and thus attack damage) are unbounded. You need to think about how this will work not only against the orc and the giant but the Tarrasque and the balor and the ancient dragon.
Now suppose you have AC 15 and DR 5. The dragon now hits on 2 or better, for a DPR of 51.3. You're a shade better off with DR. If you've got less AC-boosting gear, such that the "normal" fighter's AC is only 20-21, DR gains a noticeable advantage.
Last edited: