If the potential gear drops from bosses are going to be this low of a percentage in the drop system, then we should be able to do the Raid at least three times a week instead of once on normal and then if possible once on Hard just for boss loot. Having three attempts on normal and only having the reward you once and each successive time you can only get loot from bosses would be a fair compromise in my opinion.
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How about a cap on the amount of time you can raid across all characters so you can run it as many times as you want with whichever character. I shouldn't have to level three hunters to get one to 30...