That is the case with my one buddy, goes out and about and finds tier 5 Steel tools or guns and I sob in the corner. Usually not as lucky which is why I either take it from him or work on setting up my craft skillz so I can reliably get the quality tools I want/need.
But overall, yeah it will most certainly probably have a very small impact on late game players. I just want the game to be a bit more challenging then it is. I feel personally that I get to geared and set up way to quickly. I also play on survivalist difficulty, pointing this out so others cannot just say stop playing on easy.