OK
@KBE6EKCTAH_CCP I won't quote you on that.
I use money for training and buying expensive rare items (ex: black soul gems, daedra hearts etc). I agree with you: base items are not great. That's because crafted and enchanted items are awesome! You're supposed to use money to level up your crafting and enchanting to boost the items you craft and enchant. I very rarely use base weapons, unless I'm game playing a specific character.
The bow example is even worst for me because I haven't used a bow in years. From the day I learned there was a book of "summon bound bow" at Fort Amol, I always stop there around lvl 6, just before facing my first dragon. The bound bow is as strong as a base deadric bow and it comes with 100 bound daedric arrows at each summon. It's the most powerful bow you can get before a long while.
You just need to balance your perks or enchant an item to allow you to cast bound bow and you'll never use another bow! I don't, unless I gameplay a thief/archer. And your last statement is spot on: production (crafting/enchanting/alchemy) should be aimed at leveling up. Money is useless on its own.
Might as well boost your skills and create your own overpowered arsenal.