I appreciate the changes that Bungie introduced to these Raids, boosting the base rewards to Tier 3 and allowing for Tier 5 loot to be guaranteed with 5 Feat points, but it feels like the Epic Raid needs more attention. It's a significantly harder experience than the normal Raid with identical rewards until Feats are introduced. I personally have no plans to chase the Epic Raid's exclusive loot in the Epic Raid itself; I'd much rather use attunement to hunt them down in the normal Raid.
I think that all rewards in the Epic Raid should be increased by 1 Tier, guaranteeing Tier 5 rewards with 3 Feat points. Maybe additional feats could cause chests to drop extra rewards.
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Maybe a buff on the chance. 3 points are medium for a tier upgrade & 4 gets high chance.