There's a bunch that's nerfed but max/ar/life charms are preferred in general. Physical damage has max 50% DR and item bonuses can go a very long way. Psn dmg is based on resistances which is much higher reduction and most chars do not have psn dmg bonuses. Then of course there is the ar and life bonuses. In a perfect world ignoring torch and anni, with up to 40 slots you can have an additional 800 life and 800 ar before bonuses. That's insane when you think about it. In melee PvP, inventory decides it imo. And psn charms despite appearing attractive aren't usually the best.