I have three Black Hammers... (Destiny)

by stabbim , Des Moines, IA, USA, Monday, April 06, 2015, 01:56 (3311 days ago) @ Kahzgul

Honestly, I believe "smart loot" is code for "you're very slightly more likely to get raid loot than shards." It's not actually looking at your gear and dropping things you need.

Pretty much. I don't recall Bungie ever saying that it would consider which individual items you'd gotten. What they did say was that it would consider how long it'd been since you got a "fun" drop (which I took to mean weapons or armor) so that streaks of just getting shards/energy wouldn't go on for as long. That's all.