OK just did it, here is a breakdown for ya.
The first thing you need to know is, if you have a guildie who has the yunjo and ni hil faction, you can have them get the statuette, and then the blade, and hit overseer. So you can skip all the faction work. But if you don't ...
ONE, the quest
If you have serious dps who know how to use their mana and regain it then with two tanks and two healers (one cleric) this is fine especially when one or more of the healers has staunch recovery which more than counters the raid gear if used correctly and at the right time along with Quiet miracle a