The Iron banner packages should be more rewarding especially for all the time spent grinding this event. Every package should be a guaranteed legendary. Trials is more rewarding and yet it comes once a week and this doesn't make sense that iron banner is a once a month event and it offers crap for all its packages.
Rewards should be as shown:
Rank 3 package: Guaranteed armor piece/class item that Saladin is selling with a random roll and Ghost shell above 300
Rank 4 package: Guaranteed 2nd armor piece and very high chance for weapon Saladin is selling.
Rank 5 package: Guaranteed random weapon and armor that Saladin is not selling above 310. Plus all the other things like the ship but at an increased chance.
You shouldn't be able to get a low ghost from a rank 5 package after 20 or more hours of grinding iron banner especially when the package only gives you 1 thing!
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For your rank 5 package you are guaranteed a 310 ghost shell and something above 310 being a weapon or armour if you only received the ghost shell go to orbit. Yes I realize the iron banner rewards are not worth anything because you usually get the end of the stick of the the 310-320 range and bungie definitely should bump these rewards up PS free post right here xD