Thread:NicknameMy/@comment-3017217-20150205143111

Hi allow me to assume we have the same Rune and Mastery Pages.

9 Magic Penetration Marks 9 Armour Seals 9 Scaling Magic Resistance Glyphs 3 Scaling Cooldown Reduction Quintessences

2 ranks in Block 2 in Enchanted Armour 1 in Unyielding 3 in Veteran's Scars 1 in Juggernaut 1 in Hardiness 1 in Resistance 1 in Phasewalker 3 in Fleet of Foot 3 in Summoner's Insight 1 in Alchemist 3 in Greed 3 in Vampirism 1 in Culinary Master 1 in Scavenger 3 in Intelligence

Moreover the same Items Mercury, Ruby Sightstone, Spirit Visage, Face of the Mountain, Warmog's.

Health

3590 With Iceborn 4414 with Warmog's (difference 825 as expected)

53 Health per Second in Battle 159 out of it  with Warmog's

Armour 260 with Iceborn 190 with Warmog's (70 difference as expected)

+30 AP + 500 Mana + 146 Spell Blade damage

This +124 "effective physical health" might influence the Cost/Benefit analysis in favor of Iceborn but think what happens to the "magic" effective health

-1780 (116 Magic Resistance)

Even disconsidering the Cost difference 2500g vs 2900g because you can claim that taking 3 CDR glyphs would be sub-optimal in case one buys Iceborn.

You have

1780 magic health vs 124 physical health + 30 Ability Power + 500 Mana + Spell Blade

I believe the ratios are in favor of Warmog's 