Well, the priority approach and the careful pre-planning of things both have their advantages. While the former saves you time and gives you the freedom to adjust what you need in a certain situation, the former will definitely give you a clearer and straighter final build you agreed on with yourself beforehand. A mixture of both should be perfect.
About the Kraken: well, you have to take into account that I had 37 Int and 12k ldr and I was lvl 18 or so. Way too high and way too well equipped/specced for an encounter like that. I just got carried away beating the skirmishes on the Islands that I didn't notice I wanted to do it first thing ^^
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