The answer is yes, until Valheim is out of Early Access in spring of 2047, modders will pretty much be the ones pumping out content.

Also, I agree with Goku on one point, there. EpicLoot is horribly imbalanced. It's also pretty limited. Been trying out JewelCrafting my past few games, and I like it a bit better (not with base values, though), though my buddy says he far prefers EpicLoot.