I made a sample profile with the full suite of weapons using the original classic looter. Added it to the collection of sample loot profiles on Virindi's website.
My rules are somewhat relaxed, looking for what would be perfect for the wild requirement just below the top. (ex: looking for perfect 400's when 420's are the top...)
The things I see in the OP's sample rule are:
1) It's using FullDescription instead of Name (never tried using FullDescription, don't know works that way. I can tell you just from the fact that it is a "Red" requirement and "Name" is a "White" requirement that "Name" is better, it doesn't require a full ID of the object being looted. I think you can switch that requirement to Name and not even have to retype the value... which looks fine.
2) Because it's already restricting the rule to finding MeleeWeapons with specific words in their names, The extra "Red" requirement to specify EquipSkill is not needed and is adding extra delays to your loot process. According to Turbines post, new loot Jos and Bastones will only drop under the Finesse Weapons class. Heavy and Light will have staves too, but they will have different words in their names.
If you have more questions, please visit this thread:
http://vnboards.ign.com/ac_utilities/b5432/116028665/p1/?5