Please dont confuse us and designate status of "Elite" only to GOOD items which are definetely worth like parts of sets.
Dont destroy system of ranking.
Elite item with stats equal to weapon 20 levels less is astonishing.
And of coarse this item is NOT "Elite"!!!
New Elite items lvl 85 are written white.... Why not grey??
Probably mess in heads..

In case you implemented new system of ranking - old sets must be re-labeled accordingly, lets say all crafted items must be elite 100%