Does this 342 assume a spriest or moonkin is in raid? It's been so long since I raided on my shaman, but I believe that without trying they were all around 300ish hit. It seems to be pretty plentiful on some mail gear. I wish there wasnt so much on the warlock/mage gear, its ridiculous that even before talents my guys are over the hit cap. Bad itemization is bad!

edit: Use the hit rating food instead of the fish feast that is commonly available at raids. It's 40 hit rating and much better if you are below the cap than the fish feast.