Can I get a fact check? I thought your power level was determined by adding up your power on individual pieces (armor and weapons) and then dividing by 8 (the number of pieces) but mine divides out to 300.25 while my power level in game shows as 299.875, am I missing a piece of the equation?
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Mods don't count towards your base power level, and will not determine drop power. I believe the system uses a weighted average, so things like a chest-piece or kinetic weapon have a higher impact on your power level.
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Your base power level is -5 from what is shown, if that's what you're asking.