@Mexxor, I think you are forgetting everyone has them, so they balance out.
Now I was just listing a set of basic items, I think with some more development there would be more subtlety and tradeoffs, more penalties for powerful things. I would think heavy armor and weapons might slow down troops. Ideally there would be more options available to customize troops. Perhaps one weapon might add a percentage to a total of die rolls and another might just add 1 to each die. A weapon might allow attacking first and another might give a counter attack that deals damage a second time when defending. Maybe some 'Thorn Armor' that deals 1 damage if attacked.
The goal is to allow you to start with a strong race and equip them to customize their abilities. Maybe 'Seven League Boots' that let you spawn in conquer one tile away from where you are to gain ground quickly. Things like that.