Oh, don't get me wrong, I definitely don't want to play the game that way. I'd rather that someone who equips monster-hunting loot risk losing it in the normal fashion.
I was just unsure whether you were contradicting Apegamer's suggestion of a "you can't unequip loot that you equipped this turn" rule because you thought that someone cheesily putting on/taking off loot turn by turn wasn't a problem. Thanks for the response!