Also, I'm considering using GM armor/weapons when I solo abroad as it's readily replaceable in case of untimely death

The number one rule I learned from full looting pvp games like EVE online and MO: Do not go out with anything you can't afford to lose.
I don't worry so much when grouped with you guys ( last night was very cool scaring off the pk'ers) so I tend to wear my best stuff so I might actually do some good. But when I'm solo, I don't want to feel like I shouldn't engage in pvp because I may end up losing my best gear...know what I mean? I actually want to engage in pvp

Open to suggestions/ideas.