I have mm and a few standard diamonds in my gear but also a para bow without armour awaken and lvl 13, and I was thinking if it is possible to balance the low Armour with the high amount of health i get from my bow

here is a simplified version: lvl 13 para bow with 10 all stats and 150 hp or 150 armour and some other stats...... (lvl 14 bow)

so the question is which is the better option?or are they equal ie: balanced.

my stats as a lvl 14 rogue are : 160 dmg , 2k hp ,700 Armour and 800 mana.