I'm probably late to the game but I didn't see anything on this in this forum, so, I wanted to throw this out there in case someone finds it useful.

Simca's guide (this is a forum thread/free) makes chest pickups SO much easier. On one character I got 10 pieces of iLevel 496 gear, replacing 3 of my slots (and 3 I sent to Bleeding Hollow to my 90 there) in < 45 minutes and I did less than half of it.

You'll need tomtom. Full info here:
http://www.mmo-champion.com/threads/...en-Chest-Guide!

I want to try this on my 5 man team soon and see how it works out.

Hope this helps someone!