Etheric light is the only sensible thing you've said. Take legendary out? Then what? Plus, most of us have zero use for any nightfall specific legendary.
It is what it is. Nightfalls are not horribly difficult (and actually ridiculously easy this week, due to the Vaalus whiners). So, leave it as is.
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correction, trade the faction gear out with nightfall exclusive gear.....
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Yeah, read that the day after I posted. Would agree.