Wish I'd waited for the bow. But...even now since I can't double enchant items, but can upgrade with smithing, it's doing more damage than any other bow I've come across, including a daedric bow I enchanted with fire. Still... would have been nice.
Also wish I'd waited on the Nightingale Blade since it's leveled too. Though if you wait too long on it, apparently the highest version can't be sharpened.
When the creation kit gets released, maybe someone will make a quest award leveler... or if we're really lucky, one that's immersive, such as having them improved by Karliah.