Initially this might feel like it has value (I thought it did at first), but it does not. However, this is comparable to a Mechanic's (2os) armor of Stability (24FHR). Players in this market will prefer an additional 2os (jeweler's for 4os) over the ed and -20% req.
I'm willing to accept other forms of currency. Like Tokens, Keys, Perfect Gems, and certain minor runes in lieu of my asking price. I'm also willing to accept rune combinations that add up to my asking price.
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Mage Plate/24FHR/-20%Req/2OS/Max Def/43%ED 
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