Wolf armor is okay in Mistlands, as long as you are carrying up to date weapons and are able to parry incoming attacks and use high end food. I have a mixture between different armor sets and my damage resistance is likely to the wolf armors stats, but I get a little speed buff. I get along in the Mistlands, although I do not use high HP food, but concentrate on stamina instead. I know the enemies and their attacks and how to fight them properly. That given, I can affirm that damage resistance of that armor is okay.
You will have to compensate with timing.