So after reading these excellent guides by Egorgeous (http://www.wow-one.com/forum/topic/1512 ... to-shaman/ and http://www.wow-one.com/forum/topic/3194 ... omsearch=1 ), it becomes apparent that MP5 is a very important stat for shamans, and that 1 MP5 ~ 7 healing, and that 1 MP5 ~ 5 int. Now let's keep that in mind and have a look at the second article, in which he posted a BiS list that looks like this:
BWL BIS List
Head: Helmet of Ten Storms
Neck: Wavefront Necklace
Shoulders: Wild Growth Spaulders
Cloak: Shroud of Pure Thought
Chest: Robes of the Exalted
Wrists: Bracers of Ten Storms
Hands: Gauntlets of Ten Storms
Waist: Whipvine Cord
Legs: Salamander Scale Pants
Feet: Boots of Pure Thought
Ring1: Ring of Blackrock
Ring2: Pure Elementium Band / Band of Piety
Trinket1: Shard of the Scale
Trinket2: Rejuvenating Gem
Weapon: Claw of Chromaggus / [Fang of the Mystics] (Close 2nd) / Jin'do's Hexxer (Close 3rd)
Off-Hand: Malistar's Defender / Lei of the Lifegiver (<--When mana isn't as high priority)
Totem: Totem of Rebirth
Some items are not in the game yet, but in general I'd say most of the options are pretty self-explanatory. However, there are a few cases where I have some questions:
1. Wild Growth Spaulders vs Black Brood Pauldrons
WGS has 11 sta, 12 int, 10 spr and 62 healing, whereas BBP (dat abbreviation tho

2. Whipvine Cord vs Corehound Belt
Whipvine Cord has 9 int, 6 MP5 and 31 healing, while Corehound Belt has 16 int, +12 fire res and 62 healing. Again, the difference in HEP is neglegible (85.6 vs 84.4), so which do you think is better?
3. Malistar's Defender vs Lei of the Lifegiver
MD has ~3k armor, 16 sta (9 +7 from the +sta enchant), 12 int and 9 MP5 vs LotL's 3 MP5 and 53 healing. In terms of HEP, this is 79.8 vs 74. I have MD already, so do you think it would be worth it to farm AV exalted for LotL? This considering the fact that I'm about 6000/12000 honored and thus still need to grind quite a bit for exalted.
As a sidenote, I do understand that in some occasions, one item may be better than the other (in shorter fights +heal may be better than MP5, or dispel oriented fights favor MP5), but I would really appreciate the input of skilled players on this matter. Also please take into consideration future content such as AQ40. Thanks in advance and would like to hear from you guys

p.s I know T1 8/8 is supposedly broken and OP, but I'm not a fan of using bugs/exploits (plus the fact that it would be really shitty if the bug gets corrected)
p.p.s The reason that Shimmering Geta isn't on the list is because according to him you get Boots of Pure Thought faster (kinda disagree with him tho), and apparently Lok'Amir Il Romathis has an abysmal drop rate