[MothEnthusiast]

I'd rather get more unique effects than everything become some variation of 'hp + small effect', personally. Also, yeah, Volcanic is a good case of why that doesn't really fully solve the problem. A better selection might work out-- as far as hand enchants being in a weirder place, I almost always have a solid pick in mind for my hand enchants, and they're usually different from character to character. That's much less so the case with torso enchants.

EDIT: There's also the problem of it just becoming objectively better than something like leviathan if the HP bonus gets too high, as well.