The Equalizer mods were designed to "equalize" the players with the npc's of Freelancer. Rather than dealing with the "dumbed down" ships at the beginning of the game or the "god mode" ships at the end, this mod gives all ships the same weapons and equipment that the player has access to.
This, the Mark V version, is the final version in the series, and combines the "OpenSP" mod by Xerx, with his permission, with the series.
1)The "OpenSP" mod allows one to explore the universe of Freelancer without being forced to do the storyline, which is available if you care to do it.
2)The npc's AI has been modified so that each class of ships will use the same AI, rather than the various AI's originally set up depending on where in the story you are.
3)Loot drops have been activated for all ships, so your chance of a drop is more realistic, and more frequent.