Wiki says:
"ST and HP give 30 ENC for every level, UC 15, all other skills/spells 7.5. Dex gives 0 to ENC."
So Ablative Shield also adds to ENC, not just Giant Strength? I need to start doing the math to see what I can equip (assuming no enemy EC or DM). I wasn't paying attention and it seems if I load NW much higher than what the equip page says, I still have no penalty. Doh!
(On a side note, I know GS and AS are enchants, but it'd still be helpful if there was a "best case" ENC figure based on your AS and GS effect levels if there was no EC/DM. Maybe show two figures like the before/after armor penalties or something. Just a thought.)