I have 145 armors, as I started to attempt to craft all sets when I started out in this game to reduce chance of armor drop in chests, but that data is probably out of date. I did not bother crafting all armors for the new characters.
Here is what my item inventory looks like:
Longsword of the Dragon
Caliban
Thunderstrike
Dwarven Longsword*
Song of the Marshes
Moon Axe
Greatsword of the Dragon
Maul of the Dragon
Sulevin
Slayer*
Sundering*
Siege's End*
Refined Hossberg Twainer*
Axe of the Dragon Hunter
Boon of the Spoon
Fury of the Veil
Mindchill
Dagger of the Dragon
Blade of Red Birth
Agony
Lady Jocosta's Revenge
Bow of the Dragon
Cruel Redemption
Punched By The Maker
Longbow of the Griffon
Shield of the Dragon
Dwarven Proving Shield
March of the Everlasting
Superb Belt of Cold Resistance*
Superb Belt of Healing*
Superb Belt of Magic Defense*
Superb Belt of Ranged Defense
Superb Belt of Staggering
Superb Ring of Critical Chance
Superb Ring of Critical Damage
Superb Ring of Flanking
Superb Ring of Life Drain
Enhanced Ring of Attack
Enhanced Ring of Critical Chance*
Enhanced Ring of Critical Damage
Enhanced Chain Lightning Ring
Enhanced Charging Bull Ring*
Enhanced Longshot Ring
Enhanced Shield Bash Ring*
Enhanced Walking Bomb Ring
Superb Amulet of Constitution
Superb Amulet of Cunning
Superb Amulet of Willpower
Superb Stamina Amulet
I have not yet ever received the item limit error, but there are many items that I could probably relatively painlessly salvage (*) if need be. So I am curious how many items people think they really need, and how many they actually are using with any regularity.
I am even bigger hoarder and still don't have issues
Armors - 176 I have them all
Runes - 8
Armor Upgrades - 17
One handed weapons - 3 dragon longsword, 2 calibans, serpents rage, thunderstrike, firm tournament axe, inquisition longsword
Two handed - 3 GS of Dragon, 3 Mauls, sulevin, siege's end, call of the dark, axe of the dragon hunter, boon of the spoon, inquisition gs
staff - 2 staff of the dragon, fury of the veil, mindchill, pyre of the forgotten, deathward, inquisition staff
daggers - 3 daggers of dragon, 2 red birth, wicked grace, gift of the talons, lady jocasta, audacity, agony, 2 inquisition daggers
bows - 3 dragon bows, cruel redemption, 2 LoTG, PbTM, Trepanner, inquisition
shield - dragon shield, emperor shield, dwarven proving, magehunter, march of the everlasting, inquisition
Belts - 11 I use 1
Amulets - 8 I use 2
Rings - 62 I keep 2 crit chance, crit damage, HoK
so I have 176 armor and 163 junk, still have no issues
can we drop this because if you can not keep your inventory managed, it is your issue