Not really. For the fact that if you get really rare bad ass shader, you got get it 4 times and that would be arduous in my opinion. Or if I want all the iron banner 4 times that be a waste of 4000 glimmer.
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I think he meant so you could have different colors on each, so you could reuse the same shader for every armor piece if you wanted.
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Yeah you should definitely be able to use the same color.You can set a shader for everything or just your chest armor.