Thanks for all the awnsers. However, I would like to elaborate.
First, although I understand the level cap does indeed go over 50, there are around 55 perks I would like to choose for my charicter, if I go down the left side I will be spared one of these, which means its more likely for me to actually achieve this.
Secondly, although I understand that daedra armour is better, making and improving it will take a long time and cost alot of money, as I only rarely see ebony ingots for sale (about 200-300 gold) and have yet to even find one of the daedra hearts. Where as, I have about 40 dragon scales and bones, so I'm guessing making them won't be such a problem at all.
However, a good point was raised on weapons. What is the weight on a glass one handed sword and its damadge, compared to the daedric weapon? If the weapon is worth the extra weight I may just go with the daedric perk for the weapon and try to find a way of massing up on the materials I need.
To make it easy for you.
EbonyGloombound Mine, North East of Skyrim near an Orc Encampment contains more than enough ebony ore to create a full set of daedra armour (upgraded) and Daedra weapons.
Daedric HeartsOne respawns in Jorvasskar on a plate by the Harbinger.
You can farm them at the shrine of Mehrunes Dagon 4 at a time.
You can buy two from an elf at The College of Winterhold. These respawns every 48 hours or so. They cost about 900g each however.
Job done.