I went chaotic good on my bard for the iron manacles and good weapons. I didn't think about going true neutral and just umding that stuff (that's what I did on my umd rogue). The only big disadvantage I can think of is the lack of stability and the extra damage to good characters in the desert. I'm almost to level 10 on my bard now...would these be reasons worth rerolling or should I just blow it off?