How it feels to me.. and I admit it could just be perception.. but the vault seems to be the cornerstone of gearing. While it is cool to have some choice from the chest unlike we had in Legion or BFA it also doesn't feel so great that logging on Tuesday is probably going to be your one day you can actually hit an upgrade. This isn't about gearing either. I mean I am like 224 item level on my main. You receive gear at a rate that will kit you out to your skill level unless you are INSANELY unlucky. But gearing doesn't feel good is more the problem.
I have pretty much all but given up on getting loot in raids. Sure, if it happens it happens and it has happened like 4 times the whole expansion in mythic. Sadly they were items that were insanely better for someone else and merely a .3 or .4% upgrade for me so I passed it along 3 of those 4 times. Twice loot was passed to me for the same reasons. So a total of 3 loots have gone to me from a pool of 21-22 players total drops. 96 mythic kills with 4 drops and 3 pieces of loot. Feels kind of bad.
PVP filled up most my slots. Many of them got replaced with much better stated stuff for PVE with vault, M+ upgrades, and those measly 3 pieces of loot from a 6 month content patch worth of raids. I mean imagine this. What if this was a normal content cycled that wasn't insanely long and going longer? Raid gear would be a mystery minus what pops up in the vault. Pretty sad.