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Ascending an exotic piece of armor increases its light to 42 and also raises it's intellect/discipline/strength stats. If all your vanilla destiny gear isn't ascended then it's not maxed out. The ascension node is a part of the perk tree and needs to be done to have the gear truly maxed out.
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Hello, What the previous statement failed to describe in simplest terms was that to upgrade; you'd need to dismantle an exotic, or buy one from Xúr,which can be found in various locations as you may know. Once obtained, you'll need to have spare glimmer and an item of sorts say spin metal. Then on the left hand side it will have the option to "ascend". I rather over explain than not enough. Hope I wasn't too redundant. -Godspeed
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Hi, If you use an Exotic Shard, it will make your Voidfang Vestments go to 42 Light with all of the Upgrades it already has unlocked. So your Voidfangs would become max 42 Light.