What is inherently the better system for distributing loot in your opinion?
I'm of the school of thought that point systems are superior because they are not potentially skewed by bias, favoritism, cliques, and the like. A group of people who most likely have agendas and or unspoken allegiances are flawed and subjective when divvying out loot compared to raiders earning points through being punctual, striving for 100% attendance, and contributing to the raid/guild through various means.
I'd like to hear legitimate reasons as to why LC is better if everyone in the guild is a contributing member of equal worth. If everyone is pulling their weight and doing everything right, how is LC better than a point system? It seems to me that LC is just a way for buddies to gear themselves up while screwing over new members, trials, and or members not in the "good graces" of the all powerful officers/gm.