I don't think, when you can use bombs and dynamites. I think it is more easier make Obsidian armor than silver and gold (of course their alternates too).You can put baits on ammo slot. I just found this by seeing random person mention about it on the forum.
The obsidian armor is merely vanity item.
When I.read again this thread I didn't know about Ancient Vision, wiki say he isn't dangerouS,*looks at damage*, when he/it is MAYBE slow, so they don't just simply edit it?