Quote Originally Posted by hystericalme View Post
MF isn't really for getting more drops but for increasing the quality of those drops. You definitely want to stack as much as possible. You want quality gear with the max MF so you don't have to bother gear swapping.
Yep - when you kill a elite pack, there's a number of items that drop, and those items all have item levels. That doesn't change regardless of MF.

Then there's a calculation that determines the "quality" of the drops, White, Blue, Yellow, Legendary/Set Item.

So when you kill an elite pack and see two level 63 ilevel blues or whites, those could have been yellow+ with more MF or just better luck.