Bumping this, is it bind on pickup?

Thanks

It drops in both normal and vet. In normal, it will drop at your character level, up to VR15 (so a VR16 character can only get VR15 pieces). In vet, it will drop at your character level. Which means that if you want to farm for this piece at VR16, you must do so in vet. If you're farming for this piece at any other level, normal or vet is fine.

You can also get them from the Daedric Embers chest. The pieces from the chest are at the level of the character opening the chest. You get 28 embers if you complete the entire dungeon on vet. On normal, only the final boss will drop embers, and it's only 8 or 9, IIRC. So it is possible to get the various vWGT sets at VR16 without ever doing it on vet mode, by getting the pieces via the Embers chest. But needless to say, this is very slow and tedious.

The drop rate for the pieces is very low. I was running vWGT half a dozen times a day, for weeks, before I finally got a full set of Spell Power Cure (and not even in ideal traits). A couple of months later, I'm still one piece short of a full ideal-trait set of SPC.