Group loot also has the problem that you actually need to have someone (different) loot the corpse; when mboxing it's annoying to have to switch windows just to loot

My ideal loot would be:

1 (or more) person can loot all the corpse (ffa style), yet there would be a popup on 1 char (master looter) for items above threshold

or even better: you don't need to loot anything and get a popup for green and above anyway