Ail I'm totally not following your system. It still promotes point hoarding. I joined your clan and 3 months pass and i didnt bid on anything and finally a void mord helm drops. We both attended the same amount of bosses but u bid on a crap hrung helm of whatever. I hoarded my EP or whatever u call them and still get the item. It's still hoarding either way. The major difference i strongly dislike in your system is how first hrung rogue dmg attack brace drops... It would be bid high as hell as u dont see the rarity. A year passes to now it would be half that. How can u simply say a hrung dmg attack brace is the same points as something else or more or else. It would strictly be opinion.
Yes, that happens. In every dkp system in existence, if someone refuses to spend points and waits long enough - and they are active as the rest of the other players - then they will eventually be on top of the standings and can get whatever they want. I think it's still fair to give someone as active who hasn't gotten anything yet to eventually get first pick. We don't do any bidding btw, I'm not sure I understand your point about the first attack bracer would have a high bid price. (?).
BUT....remember we have points decay. There will come a time when the points decay overtakes your points earned. Here is an example for me:
I haven't taken a Hrungnir drop since Feb 2014, so I've been accumulating a lot of points (having 100% Hrungnir attendance). We earn 80 points per Hrungnir raid, but as you can see, my points drop over 90 points. Thus I'm losing points every raid so it would be smarter for me to spend my points on something, otherwise, I'll just continue to bleed points and others will eventually catch up to me.
Also remember, points decay also applies to Gear. Thus whatever you spent on gear 6 months ago would have decayed to almost nothing, so your priority goes up as you earn more EP and would return to original levels. Compared to a person who hasn't taken anything in 6 months, and assuming you have the same amount of EP, your priority will be equal again.
Morrigan however, the clan members don't seem to know what going on. In Retribution there are officers keeping attendance and taking pictures.
Lol, where did you get this? Just because Pigman was inaccurate in how PR was calculated and leaves it up to the system, doesn't mean they don't know how officers take screenshots to get attendance. We have screenshots of attendance in EVERY raid. Snorri, Rockhide, Athach's Spawn, Natan, you name it.... I can even tell you exactly how many Prince Corvax bosses I've killed

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