Loot level
The disparity in levels is normal. You’ll loot at around level the dungeon is set at and the level you are.
Soulbound is a non-issue. Only accessories and the end-of-SM-reward are soulbound. Everything in else in SM and EXP are accountbound.
Don’r run dungeons for loot, its always bad … run them for tokens so you can get the exotic pieces off vendors in LA. either use the tokens for your final set .. or simply to transmute the skins into other stuff.
The new dungeon coming this weekend may be different as it may drop tokens or loot from the RING ascended gear
Hmm tokens.. something i need to research as I have no idea what they are or how to use them.