I've bought a suit of armor through Sylexis before and he was nothing but awesome about the whole process. I told him what I wanted, he gave me a quote and a time frame and then he got to making it. I didn't pay him until it was all made and done, so it was essentially just a normal EC trade at that point.
What you're describing sounds sketchy as hell, and probably someone just looking to loot and scoot.
Edit: The price actually seems about right if you look at the price for individual pieces of Imbued Koada'Dal armor.
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Millburn Pennybags - Blue
Palmer Eldritch - Teal
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