Short answer: lol no
Long Answer: It obviously should not be on par with Mythic Raid quality gear,. If we ignore the consideration of effort for content and why you usually want higher gear, then why on earth would you want higher level gear than what LFR gives out? You're not looking to do higher level raiding content or even getting fully involved with the dungeon Mythic+ system. You've experience the story in the raid (okay I admit sometimes Blizzard fucks up majorly and hides interesting lore bits behind mythic) and you're able to do WQs at a slightly more balanced pace so why would you want higher gear? Of course you want better gear so that your characters power increases but why should LFR runners get the same gear as Mythic raiders for a minor fraction of the effort? They shouldn't. Either do the appropriate content and reap the appropriate awards or move on. Progression is necessary in an rpg so don't expect a free pass for easier content. Just be glad that LFR gear can titanforge up to mythic gear.