Rather then have people just not do TOD which is where this change is bound to take the raid, into the void that was DQ and VON raids ... when it gets annoying to prep for raids you just dont do them in DDO world.
Here is my solution ...
1) make the boots a favor reward as well as a craftable item ...
2) make the ingredient crafted version of the boots bound to account.
This elliminates 90% of the issues people have ...
if you dont want to grind the boots ingredients then you simply grind the favor instead
if you do the work to grind the ingredients then they are bound to account so that when that character finishes getting there items that person who grinded forever to get the boots can pass them on to the next one of his toons.
I would however suggest that the favor version be bound to character as elite runs in theory should be easier to beat then grinding on normal and so the better version of the boots should be granted to he who does the most work for them.
This will allow the casual player to still achieve raid flag ability and will still give the challenge seekers a worthy challenge.