I used it from 44 to 50 pre-kunark. But the game was different then. I was soloing guards in Grobb and you could sell to merchants as an enchanter even if you were max KoS. Also, before the last charm revamp, people charmed differently. The strategy was to charm the most bad ass mob in the zone that you could land charm on. So you would definitely get wrecked when it broke if you didn't have rune on.
My opinion is that if the cost of the peridots is worth the boost in soloing efficiency to you, then use it.
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