Sure. Eventually you rank up factions and others. And then you get a slightly better level item. It's just way too much of a grind and often the item is just a repeat. I probably dismantled 10 each of ruin wake and hindsights.

Let's talk about the Vanguard and faction drops. Your light level might be 370 for example, but your gear might not be balanced. I had items dropped for a lower light level than the ones I have equipped (My "superman cape" (Hunters cloak) for example is 372, I got two consecutive drops of 370, and no damn boots which I so badly need). RNG hates me in a bad way. And unfortunately I am not the only one. 2 people of my team had some excellent drops and are past 380 now. Me and 6 others played as much, if not more than them, and we got stuck with RNG at 374 and below.