Flandil is actually VERY interested in the armour, not to wear but to trade to Marcus of the Crystal Lake. (He's happy to do this as group thing rather than personally, if that's what we choose, but if we're going to allocate it to one character, he's definitely got his hat in!)
I'd like the armor but if we think Marcus is going to give us something really cool in trade for it, I'm happy to relinquish my claim.
It's probably worth it to at least inquire and see what he's got.
This is the way I'd vote. We might get something really cool, we might get a great amount of merely cool things, or we might just earn a really big favor. But we'd be better off knowing what our options are.
Dieter the Deathless, anger-fueled fighting machine.