follow up
A 3rd option (to corpse recovery after pvp death and loss pf pvp points in a pvp death) is allowing the victorious character to loot something from you. All three would encourage sensible tactics in pvp. This however would require having lootable items.
In a world where platinum has no real value and all good gear is no-drop, this is not the best choice of the aforementioned three.
I do not see a problem with having gear bought with pvp points to be dropable (or sellable). If you want to sepnd time farming for SMR's, etc, or pvping for dropable gear, either can be sold, it's just a matter of how you spend your time.
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