I am not aware if this was already said... But here it goes :
For those who cannot one hit later bosses (besides some of the better bosses like dragon n amazon) this is an alternative option to farming, the experience give-out is also much more friendly for low level farming.
And that I believe, is how the quest should be played due to the low drop rate as mailmeharry2008 has pointed out, however with the cloak of luck, it is an extremely helpful quest with great and easy drops, and as i mentioned above, the low experience give-out.
Completely random suggestion :
If you find yourself just short of what you want as your damage dealing, try hitting the 300 quest (Or go 800 then 300) as it drops SAoP and HGoS (1 to their respective stat with no limit)