Ok. I think I may know where my confusion is coming from. Then let me ask this is clear or not. From what I understand, having higher "Magic Find" does not increase the likelyhood of an item (any kind) dropping from a mob. My understanding is that it increases that chance of THAT item having magical properties.
Example: I kill a Flesh Spawner in Hell Act 4 with 0% Magic Find and it drops a Balrog Spear. If I were to go back with 100% Magic Find it would not increase the chance of an item dropping from it but, it would double the chance of an item (if dropped) having magical properties.
As for the arguement of Magic Find working with the "Find Item" Skill, according to Arreat Summit "Magic Find WILL work with the "Find Item" Skill. I have posted the link for reference below.
http://www.battle.net/diablo2exp/items/m...find.shtml
Example: I kill a Flesh Spawner in Hell Act 4 with 0% Magic Find and it drops a Balrog Spear. If I were to go back with 100% Magic Find it would not increase the chance of an item dropping from it but, it would double the chance of an item (if dropped) having magical properties.
As for the arguement of Magic Find working with the "Find Item" Skill, according to Arreat Summit "Magic Find WILL work with the "Find Item" Skill. I have posted the link for reference below.
http://www.battle.net/diablo2exp/items/m...find.shtml