This, so much this. I'd rather not walk back to town after every 2-3 dungeons to unload gear, then walk back. I haven't missed any exploration, in fact I'm exploring more by using fast travel. I go back to town, dump gear in my chest and sell the rest, fast travel back to the last dungeon I did and start my exploration from there. All new locations to explore. I'd rather that than "explore" the same static path over and over.