I equipped the Encrusted Chain Suit today to compare it to Boshinko's BP. One has Dodge 2 and the other Parry 16%. I was attempting to see which one would be better for a ranger, since we get both skills. When wearing the Chain suit, I noticed that my Dodge skill did not go up. I'm at 205/210. I expected it to change colors (to green, signifying it was moded) but it didn't. Based on what I see, I don't think the dodge mod is working.
When I wear Boshinko's BP my Parry skill goes from (white) 205/210 to (green) 237/210 for example. I was expecting something similar for my Dodge skill when wearing the Chain suit.