Not so sure about this design, with the existence of Bequeath in this set. Does this add to the complexity (having to move around an equipment in addition to {+} abilities), take the thunder from Bequeath away, or add to it and reinforce the theme of passing things down? Looking for opinions.

I'd say this is a much cleaner implementation of bequeath. To the level of "Do this instead"

You mean making equipment a central theme of the set, or do you mean having the creatures with bequeath create equipment tokens and attach them onto themselves? Both seem equally unappealing to me.

A very nice design - I might reuse this somewhere down the road.