Once I got a bit higher I exploited the smith and enchant skills but only to around 70 and only created dwarf armour. This armour is only enchanted on one item with 30% bonus to 1h and a frost resist of 20%.
I find myself doing quests where I run around destroying a whole army or a whole fort without any damage... At a high level I would have thought on master difficulty I would need at least ebony armour. Sometimes though a bandit chief will come running at me from behind the rabble and I will be in a spot of trouble. I like that aspect of the game. But I wish I knew which dungeons would have a decent challenge.
Sorry for any spelling mistakes or grammar as I typed this on my phone.