How about having items that are enchanted, but also that normal folk would actually use around their house? "Eldritch Broom of the Winds", "Morgon's Calipers of Great Precision", "Cabbage of Divine Justice", that sort of thing?
That would be amazingly useless! Much like regular calipers
I still vote for no loot scaling at all. At all. Why would anyone want this? How awesome isn't it to be level 1 and accidentally finding a huge massive weapon? That's how it should be, that's how it WOULD be in real life.