SoKoSteve: I'm currently using a lvl 48 R1 and the lvl 59 G25s. They suited me fine at TM, but really I can't compete at Legend. That said, I'm not sure if I care. I don't think I'm likely to compete with most of these guys anyhow, new equipment or not. Probably going to just start enjoying the view
This is not how a golfer thinks. Gamers, yes, but not a true aficionado of golf. You most certainly can compete at the Legend level, you just have to go about it differently.
One of my favorite AS players to play with/against is a guy that goes by the name of TygerJr. Take a look at his profile, he's a Level 101 Legend closing in on TL. He's been here as long as I have and he's using clubs no longer for sale!! G10 irons, Satin wedges and a driver that was the bomb when it first came out-the Level 86 R11. All this with an inexpensive ball.
To watch his game is to watch a true golfer play. He doesn't tee of with a bazooka and doesn't throw darts at pins. He plays smart and to his clubs' limitations. He can flat out hang, he just does it differently. You have the same choice. If you're into immediate gratification then yes, enjoy the scenery because you won't get it with the wrong attitude.
OTOH, if you really want to challenge yourself in your trek to a higher level and better equipment, play a round with Tyger. You'll see how to do it. :-)