People seem to forget that rank 50 is max rank FOR NOW.
There isn't much flashy gear or unique equipment of epicness before rank 50 in FFXI either. Heck, the AF quest starts at rank 52-60.
Sure they could give us "Epic glowing sword of flamey doom" and "jacket of eternal sparkliness" now but that would just make sword of flamey doom II and jacket of eternal sparkliness II look stupid when we finally get them at rank 60+. Right now our characters are only Kids, Kids wear kids clothes and fight with sticks. Suits and machine-guns are for adults.
But if you still want something cool and diffrent, go kill some NMs and try to get a tricorne or mosshorn scalemail. Or why not try to collect a full buccaneers set, looking pretty **** for beeing "only" rank 50.
FFXI 2003-2007: Elaron ~Phoenix
FFXIV 2010-> : Gus Morgan ~Wutai