Seems a really obvious question but say for instance I had a Buwanda's Fiery Staff of Doom. This is a pink item with 30ish Int and 30-50 dmg. If I then get a item with 60 int and higher dmg do I go for the higher stat item?

Im presuming if this is the case the pink ite is just the rarity of the item rather than the dmg/stats?

Not had my caffeine today so sorry if this is a totally stupid and obvious question.

Thx