The whole new equipment is slightly better. However, the armor isn't worth it to craft, because you can just upgrade it once. Half of our group stayed padded. It even looks better than the new armor.

Even not every enchantment on the gear is good for every biome. So you need more context in your question. Our archer liked the draugr fang better, because of the free poison on the arrows. Reducing one slot for not needing additional poison arrows to carry around.

I like the new sword. Though the look is awful compared to other swords. It has no "sharpness" anymore, looks more like a WoW sword, slightly lesser main damage than black metal sword, but the slow effect is awesome. The spear is badass looking and a nice upgrade to make overall if you like using spears like me.