The key to customization of characters by armor and the concept of earned exotics. Is the proper use of the reforge vendor.
Say I spent FOREVER on my khovostov. I put enough into it to reforge it, say after certain circumstances, I can earn another perk slot on my khovostov; it grows with me.
At this point I raid with my legendary khovostov, I reformed it until it was exactly the companion I needed as a guardian. Finally after raiding and completing the hardest content with my trusty khovostov; I raid without dying, I earn my prowess in the crucible with it, I kill nightfall strike bosses with it. My khovostov can become exotic? Or perhaps gain a damage type! Maybe even become a named weapon.
And there I earned my weapon, there I had upward progression that doesn't stop in a one week space and can continue onward, there I find a weapon that is a trophy and a story.
Please capitalize on this Bungie.
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Yeah this sounds like a cool mechanic.