I recently completed that annoying S class quest for it and thought about not doing it anymore. But after my last few drops going from 305 to 307 to 309 I'm going to keep doing it, but not be competitive.
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Keep goin to 320. Personally got a 315 class item being rank 3.
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Yeah that's what I'm doing now. I hit rank 3 and after the first race with the rank I got a 317 helm of the jade rabbit.