I really like this idea! We can choose to let the party loot or not loot us, so why not choose to share or not share loot! 🙂 I hunt in party sometimes and we just keep the same loot box and we deal with it, or one of us just yell, take it, but it would be nice to have the party bar (for CC, yeah I know EC has fancybars) and buffs all the way through the end of the fight.
In a MMO loot should be party based as in the bigger the party the better the loot and everybody gets an equal share.
Iv'e tested also if you stay in a group of 2 exemple and kill Lady mel, without dropping party you get exemple 50 items in corpse . If you drop party individually , each player will get about 35 items. So something is definitly weird about number of items generated and party/individual .
Might be worth asking devs again, but last I saw when it was brought up it was said that the generation of loot can go up to accomodate parties quantity and quality (luck dependant). It's still rng so would have to run hundreds of tests. Materials and odd items is a different matter, that's generated differently than armor/weps.