You can use scaled items to create the illusion of items over 127 .. but requires a bit of source change to get it to work properly. Over on Eriyvyn items can scale to 2million STR lol.. (not that we let them go that high)
Meaning you would set the item to have 127 STR... and set the scale of the item in a quest to 2.0. Now the item will have 254 STR instead of 127
