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^Essentially this^.Way I’ve read it and from my experience in other MMO’s the way I see the skill applying is;
Positive % calculation to the randomly generated quality and number of MATERIALS scavenged from MATERIAL NODES (Electronics, Fabric, Weapon Parts).
It has NO effect on random LOOT drops. That % calculation on type, quantity & number depends on player Level, number of players, difficulty of encounter (and likely lots of other hidden bonus’ and penalties such as current gear set etc).
Essentially it’s a skill increase buff to your “Mining” skill…the materials nodes being equivalent to Ore mining points in other MMO’s.