That is spot on, until you have crafted gear I wouldn't bother repairing either weapon or armor. Just replace it. Keep in mind we have about 2 weeks left before the next wipe, so use this time to get a good feel of what it is your looking for. Also by pressing V you can see your Adventure level. Try to get as much of that as possible before the wipe. After the wipe, you will receive a 4x xp bonus until you reach your previous Adventure Level.