So, my thoughts:
1) I'm happy to take as long as we need to get as much as we can from the loot.

2) I have -literally zero- experience equipping characters with bought magic items, so I would love some guidance on that process.

3) Lehasti has been updated to level 2 as well. Check at your convenience!

4) The magic armor from whats-his-face, is it essentially Padded Armor +1 with an additional quality of stanching? In other words, not attractive to Lehasti but maybe to a character that can make use of light armor?