Let’s address those one by one.

Gear

C160 gear is pretty important. Now...you say you don’t want to blow 1000 mats on a set, that’s understandable. You can definitely test a setup in c150 blue gear...that’s pretty cheap. See how it performs, then if the sets work go upgrade to c160 purple later.

A good set to start with would be Julianos over Seducer. It’s a versatile, pure dps set. You can be pretty confident that a c160 Julianos set will last, so this might be a first place to invest in c160 (but feel free to test in c150). I tend to make my weapons Julianos because ultimately you’ll want gold weapons...it’s a huge power boost. Gold Julianos staves are something I can always use.

Your c150 blue test setup won’t be strong enough for vet dungeons, but you should definitely be able to do normal.


CP

You’re a little low to be playing vet end game content. So keep earning those champion points! The good news is that the buffs in the tree are really, really front-loaded now (ie, the first point spent in a line provides fifty times the benefit of the 100th point spent in that line). This is helpful for you because it means that at 400 CPs you’ll be pulling about 85% as much power out of the trees as max cp toons. So you won’t suffer too much...but I think the next 150 you earn will unlock a lot of power. Note Alcasthq.com always offers a 300 cp allocation on every build. This could be useful for you.


Templar Tanking

Alcast has a health tank build. I’ve never approached my Templar this way. I think tanks are usually stamina characters, and you seem to reference magic sets. Are you using this character as a stam Templar


Dungeon Rank
—-CORRECTION—-

The other commenter made a mistake. Undaunted dungeons have two difficulty levels, normal and vet. You set these in the social...group menu. (The group leader’s selection determines how a dungeon loads). Normal mode is pretty hard, but not horrible. You can totally take those on now. In fact, you could probably duo most of them...and eventually probably solo them (I do on my magplar).

But what you were referring to is how some dungeons are marked like “Elden Hollow 1” and “Elden Hollow 2.” This means that there are two parts to that dungeon’s “story,” or two quests to complete. You will encounter different monsters between the two variations, and maybe even some different areas. If a dungeon has two variations, each offers a skill point for completion.

Both versions of a dungeon can be completed on normal or vet difficulty. And if doing dailies, the quest givers will specify 1 or 2. In some cases, your character won’t see version 2 on your map rollover until you complete version 1. However, you can still group up and complete version 2 at any time...just portmin with your group and you’re good to go.