As far as the differences in rewards go... if you're not taking in preps to a burning dungeon, you're still making less than just doing the PQI. If you take in preps, well... you're making significantly less than the PQI. What is hard to quantify is the "difficulty" of a random race/class/badge combo to assign it an appropriate reward (and in fact some are quite simple).
At least the badge is never Vicious Token
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