I have just completed TL 310 and other than the respect points earned the equipment won at 305 & 310 are pretty much useless at my level, Sirrated Blade & a Yamaha bike.
Surely the 301 TL must be worth more especially when you now can only attack a player 5 times meaning it takes double the opponents to complete a TL level.
Beginning to think collect your respect point by normal fighting and forget the TL 301 unless the 5 lvl prizes are worth winning.