Ok - here's what im going to do.
I eliminated the point system, and am trusting you all to be reasonable. At this point, [@BCTheEntity], your character is accepted. 
Gold and renown are going to be used for item repairs, enchantments, upgrades, ect, in IC, and I'll find a way to give out more power as time goes on. My character is going to be going under construction, as well, to be more similar to his last reincarnation. I didn't mention gold in the OP because gold isn't as accepted as much as payment any longer, so prices will be hashed out IC. 

[@gammaflux] I apologize for the inconvenience, but could you edit your character as well? :3

Sorry for giving everyone a run around, but look on the bright side! You don't have to deal with it anymore!