I wish that the visual armour/weapon of your Lord changes when you equip new items, especially now when we actually see the Lord in the equipment screen.
Otherwise it feels a little pointless/lackluster. I'm thinking it would be cooler if it were like a WoW does it.
An example: I'm playing the Prologue, and Yuri gets a new piece of armour called Kislev Armour. It would be a perfect time to show a visual change when it is equipped and it is a little disappointing that nothing really happens since the interface with the Lord right there kind of builds up that expectation.