The bad thing about hand-placed loot is that it's impressive through the first play-through. Take Stalker series as an example, I pretty much know EVERY stash in Shadow of Chernobyl and Call of pripyat, pretty much at the start of the game I'm all set and ready for mid-stages of the game. This leveled loot keeps it from being unbalanced, and I get impressed every now and then, finding attire or weapons with a rare enchantment (Water breathing or muffle as an example) is very rewarding to me.