I'm using wax_on_wax_off's monkcher build here (http://forums.ddo.com/showpost.php?p=4222951&postcount=11) for my third life and so far so good. Between Fernia wraps and Fanged wraps I feel pretty good. Cha is dumped so I can't even cast yet, until I get to third level and my tome kicks in, and I can craft myself a +3 cha item, min level 3. That will last me a little bit.
Doing quests the first time on elite is a bit different than what I am used to, but it does bring a little bit of challenge to the game at the early levels, when usually having some twink items makes low levels trivial.