I need a rumor confirmed or denied.

[Fuggle]

Yes, the higher the mf the higher chance every item that drops will be magic. While it increases odds for getting Uniques, it also increases the odds of getting just magic and rares. The chance of getting the "godlies" is all random. You could get an soj with 0 mf and an soj with 4238403285034850345 mf, it just all depends where you go hunt. For the most part, hammerdins are able to kill higher lvl things easier for runs, so hammerdins generally find the better "godlies".