Generally I think the loot is well balanced but nothing spectacular. You never feel yourself overpowered but neither _that_ under-powered. There's a good amount of items to get and now you can opt in checking the bestiary to find which items you are missing. However it's a short game so there's not that much variety, you kind of have one type of weapon per class and maybe 7-8 types of each weapon and most of them are weapon-2, weapon-1, weapon, weapon+1, weapon+2, etc. Cursed items are easy to spot once you learn about the icons. And the map simplifies the exploring. There are a few items that are extremely rare and obtaining them feels really good but for the most time they are mostly the same item time and again. Gathering gold is extremely hard, I never got more than 50k gold at a time.
It's a 1980 game back when people played Asteroids, Galaxian and Pacman so it's quite limited in terms of variety. Hopefully it gets good sales so that they can continue with the next games.