just tried doing this and drop rate has not increased in fact its dropped right off, not sure if i did it right have changed all values after chance= to 7000 is this right?
You have to make sure you do or changed to some value greater then it's default value.
This has worked for me and now I can't even pickup all the loot on the ground on first go, I have to farm and come back and sell and come back and sell and then farm some more
I'm now looking into some kind of inventory mod, you should be able to add more inventory tabs like MISC or something.