Or he does things the way they are now' date=' pumps it all into hp, then loads up on saves gear and ends up being in the exact same position. When he's got no gear, he'll still get rolled over by the warrior.[/quote']
decent hp gear is a lot easier to get than saves gear, but your right it would balance out when he's not equiped. Not the best of the best mind you, but low level stuff still gives good hp and you can enchant for some extra ac. Case in point, blue bracers.
Random Idea
If you look at getting 10 hp as the equivalent of -2 saves in any single category, which was the suggestion for this train change, I think you'll find it's a LOT easier to get saves than hp. I can think of items off the top of my head that give -20 saves when you add up the affects from various areas, but I can't think of any item that gives 100 hp.