The Visitor Event Guide/Discussion.

I tried the 120 PQ, and am no longer concerned with level 127 weapons breaking the game.

Hahah, isn't that just ridiculous? The first stage for our run was the cleric boss, we had a 14x Corsair, a 13x/15x NL's, a 14x Bishop, a 14x Hero, and me 132 I/L AM. You have to kill the thing twice, and all of it's mobs, within the 5 minutes. We got almost done with the first one in about 4 minutes, everyone died, we forgot to have someone stay in the room and it restarted and we quit.

On the plus side, of the two 60+ pq's I've done, the first one netted me a 107 Magician shield, 4 int, 48 wdef and 94 mdef. Like 4x better than my old Esther shield.
The rest of the things that dropped: 86 Wand, 87 Axe, 87 Polearm, and yet another chair from the final boss. I let other people in the party take those things, we divided the drops out based on who wanted what, which we determined before reaching the bosses. (I had dibs on a Magician shield and a belt, for example)

Edit: More in depth on why the cleric boss sucks. He has a buff that heals when you attack it, there's tons of mobs that each deal 6-7k (some do more), it dispels every 5-10 seconds, and you've only got 5 minutes to kill two of them. It's hard enough hitting the dude with all those other mobs, let alone having enough MP to cast Blizzard at the bottom of the map from taking nearly constant damage. (I was at the bottom of the map casting Blizzard because it's ice weak, and I can't be dispelled down there, so it was the most useful place for me)