30+ (no damage cap) you can also try snare kiting with:
http://wiki.project1999.com/Weighted_Axe
Instead of fearing, just snare. Run through the mob, activate auto attack when you get into melee range, keep running to get out of its range, turn around and repeat. You're doing massive amounts of damage each round and only taking 1 round of hits from the mob.
Another strategy is to equip the weighted axe for the first round (since you always swing immediately) then switch to a lower delay/better ratio weapon and face tank/fear kite.
Also, just a note: Race penalties always exist. But without the Class penalty it becomes hardly noticable (20% is tiny compared to 68%).