http://skyrimcalculator.com/#213288
Even utilizing enchanting and smithing, because I'm walking around as the Dragonborn that is in all the trailers (Iron Helmet, Gauntlets, Boots, Studded Armor, Banded Iron Shield, Steel/Skyforge Steel Sword and Dagger) I have the clear and present danger of being close to death in almost all battles.
I'm actually having to invest healing potions. My sword and bow are doing damage in the 300s due to smithing and enchantments but my armor rating is only 320.
Actually fearing Mauraders, Briarhearts, etc. in open battle is....fun. Perhaps my Breton Mage just spoiled me with too much ease.
Long story short. Feels good man.