The 5% was a damage interval only mitigation added when they bumped defensive down to 45% (2003). The net effect being a buff to non-discipline tanking while keeping discipline tanking the same.
The monk mitigation thing was always pretty overblown. Top of the line geared monks might have taken less overall DPS than top of the line warriors, but the conclusion that this made them better tanks ignores the reasons why warriors have always had a monopoly on tanking. Namely, HP returns and Defensive. It was mostly warriors bitching about monks soloing. Warriors complaining while being the most powerful class in the game - nothing out of the ordinary.
HP is the most important tanking statistic in the era of CHeal.
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