Increased drop rates of equipment is understandable, but decreased drop rates of some etc items? Why...? Of all things, also, why must pig ribbons be like 5 times less likely to drop compared to vanilla? I can't even get the quest xp to level up fast at this rate.
The Pig Ribbon drop rate has been confirmed as wrong and should be fixed with the next update. For future issues with drop rates please make a Bug Report so they can be confirmed, logged, and remedied.