Paladin equipment

Also see the Fighter Equipment list.

Weapons
 * Bane: Collect a weapon rack of stuff. I would use a +1 Lesser Undead Bane Longsword on skeletons because it does more damage than a +1 Warhammer.  An exception to this is Ghost Touch.  If you win a lottery and somehow manage to get a +X Lesser/Reg/Greater Undead Bane Ghost Touch Weapon that is wonderful because the only incorporeals I can think of are undead.
 * Avoid Acid, Fire, and Cold: Some of the best early gear you get in the game is from those rank 3 collectables that you need one of. But using a Sword of Pain melts bodies if it does the death blow.  Just so you know, the difference between a Sword of Pain (+1 Shortsword that does +1 Acid damage) and a +1 Longsword are small.
 * Shock: Shock apparently doesn't drop the body.
 * True Good: Absolutely broken. I might be wrong, but I imagine everything you fight (other than in PvP) is non-good, so everything gets hit for +1d6 holy damage.  In fact, the only reason for this enhancement is to reward players for having the Good Alignment.  But hey, you're a Paladin!
 * There are exceptions to what I said above. For example, I am currently trying to get a +1 Acidic Short Sword of True Good (min level 4).  Why?  1d6 piercing, 1d6 acid, 1d6 good damage.  Basically 3d6 damage to most enemies.  I have no intention of using it all the time, just for the scary guys that could eat me alive.

Items with Spells (or similar abilities)
 * of Speed: If you can get an item with the "of Speed" suffix and it doesn't mess up your equipment that is wonderful. I acquired a +1 Mithril Full-Plate of Speed (2 CL 5 Haste/rest) and it is amazing.  +40% speed is just as good as +25% attack speed.  Why?  You get next to those pesky magic missilers (we all hate them) 29% less time (1/1.4).
 * Underwater Action: No more breath meter! If I found a Underwater Action Necklace of Basket Weaving, I would totally use it.  And then you would see me in the water of the harbor wondering why I can't use Craft Basket Weaving, but you know what you wouldn't see?  Me drowning.  "This Silver Flame doesn't need air to burn."