correct me if I am weong here, but before Realms Reborn, I thought etching ingots added Magic+ to the ingot. Also Etched ingots were a valid recource for items that could ve crafted from any ingot. I may be remmebering wrong, but if not, was this boost removed on purpose?
I believe you are in fact remembering wrong, for as far as I can recall etched ingots have always been useless for crafting. However the flavour text does imply it should magic+ & durability -